NAFCU Joins With Other Groups in Raising Concerns Over GSEs’ Preferred Stock Purchase Agreements 04/07/2021 07:59 pm WASHINGTON—NAFCU has joined with several other trade groups in repeating concerns to the Treasury Department and Federal Housing Finance Agency (FHFA) over recent amendments to the government-sponsored enterprises' (GSEs) Preferred Stock Purchase Agreements (PSPAs).
While ‘Optimism’ Found, Survey Also Reveals Nearly Half of Americans Say They Have No Personal Savings 04/07/2021 07:59 pm ST. LOUIS–The pandemic has hit Americans hard, and one year in a new survey shows many continue to feel the ongoing strain of the economic slowdown, although there is a “welcome flicker of optimism,” according to a new survey.
LICUs Can Apply for NCUA Grants Beginning May 3 04/07/2021 07:57 pm WASHINGTON—Low-income designated credit unions can begin applying for grants through NCUA's Community Development Revolving Loan Fund (CDRLF) May 3. The agency said it plans to distribute approximately $1.5 million in grants, according to the notice of funding opportunity.
How Is ‘Synthetic Identify Fraud’ Defined? Fed Offers a Natural Answer 04/07/2021 07:57 pm WASHINGTON—The Federal Reserve has released an industry-recommended definition of synthetic identity fraud: “The use of a combination of personally identifiable information (PII) to fabricate a person or entity in order to commit a dishonest act for personal or financial gain.”
Jeane D'Arc Sponsoring Literacy Bee 04/07/2021 08:00 pm LOWELL, Mass.– Jeanne D’Arc Credit Union is sponsoring the second annual EVERFI Financial Literacy Bee.
CFPB Proposes Delay in 2 Debt Collection Rules 04/07/2021 07:59 pm WASHINGTON— The Consumer Financial Protection Bureau has proposed extending the effective date of two recent debt collection rules, saying it wants to give affected parties more time to comply due to the ongoing COVID-19 pandemic.
CAP COM, Foundation Launch Infrastructure Grant Initiative 04/08/2021 12:00 pm ALBANY, N.Y.– CAP COM Federal Credit Union and its charitable giving arm, the CAP COM Cares Foundation, have launched the CAP COM Cares Foundation Infrastructure Grant Initiative.