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WASHINGTON–The initial findings from the first set of research data that will be used to build a new gender strategy was unveiled during a luncheon by the Global Women’s Leadership Network.

WASHINGTON–The sharp divide over the CFPB and government efforts to reduce or eliminate fees and to impose other regulations was apparent during a congressional hearing here, where a credit union CEO testified (see related story).

LONDON–Credit unions in this country are at a crossroads, according to a new report.

WASHINGTON—It’s critical the Senate Banking Committee understand the “immense pressure” credit unions are under in terms of compliance and operational challenges, America’s Credit Unions wrote to the Senate Banking Committee in advance of Federal Reserve Chair Jerome Powell’s testimony this week.

WASHINGTON—The Federal Reserve’s debit interchange proposal could undermine recent progress in bringing low- and moderate-income (LMI) consumers into the financial services system, a bipartisan group of representatives wrote Federal Reserve Chair Jerome Powell this week.

MIDLAND, Mich.— Members First Credit Union held Community Summit, an in-service day for its team members. 

WASHINGTON— During 2023 the nation’s 4,587 commercial banks and savings institutions insured by the FDIC had aggregate full-year net income of $256.9 billion, down $6 billion (2.3%) from the prior year, according to the federal deposit insurer.

ST. PETERSBURG, Fla.–PSCU/Co-op Solutions is calling on its member credit unions to make their “collective voice heard” on a variety of card and interchange-related legislation and proposals in Washington.

WASHINGTON–A petition has been filed with the CFPB asking it to close loopholes that allow some financial institutions to lower rates on deposits without telling depositors while also not violating the law.