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WASHINGTON— CFPB Director Kathy Kraninger was the subject of sharp questions and accusations during a tension-filled hearing before a House Committee, where Democratic members accused the CFPB of shirking its responsibility for protecting consumers from financial fraud.

SPOKANE, Wash.–Six months into his term on the NCUA board, Todd Harper outlined what he said he has observed during his term to date before a group of credit unions here.

ARLINGTON, Va.—Total retail sales fell 0.3% in September, ending six consecutive months of sturdy growth.  Separately new Federal Reserve Beige Book data reveal the economy expanded only slightly in September.

WASHINGTON–The Tax Foundation has issued a research paper calling for the end of the credit union tax exemption.

WASHINGTON—Responding to the ongoing attacks from bankers, including a newly released paper that calls for the repeal of the credit union tax exemption, NAFCU Vice President of Legislative Affairs Brad Thaler touted the economic benefits of the tax exemption in a message to lawmakers on Capitol Hill.

BROOKLINE, Mass.–Few in credit unions today remember the name Richard Mangone, even though he was once among the “celebrity” names in CUs and eventually the subject of national news. Nearly three decades after causing one of the biggest fraud cases in CU history, after being arrested and going on the run, and after serving 20 years in prison, Richard Mangone has a story he wants others to hear–and learn from. 

MADISON, Wis.—Credit union lending continues to slow as share growth continues to climb, the latest CUNA Mutual Group Trends Report shows.

MADISON, Wis.—Credit union lending continues to slow as share growth continues to climb, the latest CUNA Mutual Group Trends Report shows.

CHICAGO–Driving growth in any organization requires leadership. But if you’re reading this story on a device while someone else is attempting to speak to you or get your attention, you’re failing as a leader.