Group Of Navy FCU Workers Split $2-Million Lottery Prize 01/10/2018 08:17 pm PENSACOLA, Fla.–More than 30 Navy Federal Credit Union employees here have some extra money for their savings accounts.
CU EVP/CLO Testifies Before House, Urges Elimination Of Barriers To Business Loans 01/17/2018 07:51 pm WASHINGTON–During testimony before the House yesterday, Sonya McDonald, EVP and chief lending officer with Randolph-Brooks FCU, called on Congress to eliminate barriers to credit unions making additional business loans.
Mulvaney Makes Change To CFPB Mission Statement 01/10/2018 08:17 pm WASHINGTON—CFPB Acting Director Mick Mulvaney has officially changed the Bureau's mission statement.
Jefferson Financial FCU, CU Capital Market Solutions Lead Way In Funding $112-Million Loan 01/17/2018 07:52 pm METAIRIE, La. — A consortium of credit unions led by the $875-million Jefferson Financial FCU here has funded a $112.6-million loan guaranteed through the USDA Rural Development Biorefinery, Renewable Chemical and Bio based Product Manufacturing Assistance Program.
Consumer Groups Blast CFPB Plan To Dial Back Rules On Payday Loans 01/17/2018 07:52 pm WASHINGTON–Consumer groups have reacted with strong criticism following an announcement by the CFPB that it is changing direction on rulemaking around payday and auto title loans.
Bipartisan Bill Seeks to Increase SBA’s Authority Over 7(a) Loan Program 01/10/2018 08:17 pm WASHINGTON—Bipartisan legislation has been introduced to increase the Small Business Administration's (SBA) oversight authority over its 7(a) loan program.
NAFCU Demands Law Firm Cease Sending Threatening Letters Over Websites, Alleged ADA Violations 01/17/2018 07:53 pm ARLINGTON, Va.–NAFCU is demanding that a California-based law firm responsible for sending demand letters to credit unions over website accessibility requirements under the Americans with Disabilities Act (ADA) retract threats of legal action and cease and desist from making further demands.
Congress, Witnesses Decry Extra Data Points Collected by HMDA Rule 01/10/2018 08:17 pm WASHINGTON—Many House Financial Services subcommittee members and witnesses in a hearing this week expressed concerns about the extra data points being collected under the CFPB's Home Mortgage Disclosure Act (HMDA) rule and the additional burden it places on community financial institutions.
Total Consumer Credit Rose at Fastest Pace in More Than 2 Years 01/10/2018 08:17 pm ARLINGTON, Va.—Total consumer credit rose 8.8% in November – the fastest pace since September 2015 – and was boosted mainly by strong revolving credit.
Signatures At POS Going ‘The Way Of The Lava Lamp’ 01/17/2018 07:58 pm NEW YORK—The need for a signature at the point of sale is going away.
