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WASHINGTON–Five years of the Dodd-Frank Act have meant $24 billion in costs for financial institutions, as well as 61 million “paperwork burden hours,” according to a new analysis.

ALEXANDRIA, Va.— NCUA will release its proposed rules on supplemental capital and field of membership in the fall.

LARKSPUR, Calif.—The 3.4% increase in orders for durable goods during June indicates that consumers currently have less financial anxiety, a new report indicates.

ARLINGTON, Va.–The Dodd-Frank Wall Street Reform and Consumer Protection Act marked its fifth anniversary yesterday, with no reports to CUToday.info from any credit unions with celebratory birthday cakes.

WASHINGTON—The CFPB Wednesday took action against Paymap Inc. and LoanCare, LLC for deceiving consumers with advertisements for a mortgage payment program that promised tens of thousands of dollars in interest savings from more frequent mortgage payments.

WASHINGTON–President Obama has signed into law HR 2499, which raises the statutory cap on the Small Business Administration’s 7(a) business loan program, which hit its $18.75 billion ceiling last week. 

WASHINGTON—The point/counterpoint between banks and credit union trade groups in the press continues here.

WASHINGTON--The House Financial Services Committee has voted in favor of legislation its backer said is designed to bring greater accountability and transparency to the Federal Reserve.

BOSTON – The Association of Credit Union Internal Auditors (ACUIA) marked its 25th anniversary conference here with record attendance.

HARAHAN, La.–A Shared Initiative, Inc. (ASII), an initiative of ASI FCU here, has recently received a grant from the Entergy Charitable Foundation to support the “Freedom Payday Debt Consolidation Program,” which the credit union says helps free consumers from predatory, payday lending and empowers them with the knowledge and ability to manage their hard-earned money more effectively.