Young CU Professionals Spend Week Immersed in Brazil’s Sicredi Movement 02/04/2020 07:56 pm CAFELANDIA, Brazil–Members of the World Council of Young Credit Professionals (WYCUP) have been participating in a week-long immersion trip designed to foster the creation of a toolkit that can be used to replicate this country’s Sicredi Youth Committee model at credit unions across the globe.
CUNA, Leagues Express Support for NCUA Proposal to Raise Appraisal Threshold 02/04/2020 07:57 pm WASHINGTON—CUNA has sent a letter supporting NCUA’s proposal to raise the residential appraisal threshold. CUNA originally requested the change to give credit unions parity with banks. Several credit union leagues around the country have also written to NCUA in support of the proposal.
One Quarter of Millennials Have More Than $100K Saved, While Another Quarter Have No Savings 02/04/2020 07:55 pm CHARLOTTE, N.C.–New data indicate approximately one quarter of people age 24-41 have more than $100,000 in savings, up 16% from one year earlier.
Canvas CU Launches Campaign Aimed at Eliminating 'B.S.' 02/04/2020 07:57 pm LONE TREE, Colo.–Canvas Credit Union has launched a “B.S. Free” campaign it says it designed to remind Coloradoans they can “eliminate financial jargon” from their interactions. In this case, the B.S. stands for “Bank Slang.”
US Community CU Approved For Community Charter Expansion 02/04/2020 07:56 pm NASHVILLE, Tenn.–US Community Credit Union has been approved for a community charter expansion by NCUA.
FTC Warns 19 VOIP Providers About Assisting Robocallers 02/04/2020 07:56 pm WASHINGTON—Federal Trade Commission staff sent letters to 19 Voice over Internet Protocol (VoIP) service providers warning them that “assisting and facilitating” illegal telemarketing or robocalling is against the law.
CFPB, Dept. of Education Sign Agreement Related to Student Loan Borrowers 02/04/2020 07:57 pm WASHINGTON–The Consumer Financial Protection Bureau and the U.S. Department of Education announced a new coordination agreement in order to better serve student loan borrowers.
5 Fed Regulatory Agencies Seek Comment on Modifying Volcker Rule 02/04/2020 07:54 pm WASHINGTON–Five federal financial regulatory agencies are now seeking public comment on a proposal to modify regulations implementing the Volcker rule's general prohibition on banking entities investing in or sponsoring hedge funds or private equity funds – known as "covered funds."
11 Groups Urge FDIC to Abandon Plan to Allow Rent-a-Bank Schemes 02/05/2020 07:49 pm WASHINGTON–Eleven national consumer and civil-rights groups have submitted a comment letter to the Federal Deposit Insurance Corporation strongly opposing a proposal the groups said “risks green lighting triple-digit rent-a-bank schemes.”
