Nine-In-10 High Risk Borrowers Not Enrolled In Affordable Repayment Plans 05/18/2017 08:06 pm WASHINGTON—The Consumer Financial Protection Bureau has released an analysis of a student loan industry data sample showing that nine in 10 of the highest-risk borrowers were not enrolled in federal affordable repayment plans.
Analyst Sees New Problems In Taxi Medallion Loan Participations 05/18/2017 08:10 pm NEW YORK—One analyst who has been following the taxi medallion loan problem closely is reporting that three New York CUs continue to have issues in their portfolios, largely due to participations in taxi medallion loans.
Divided Appeals Court Hears Arguments Over CFPB’s Constitutionality 05/24/2017 08:58 pm WASHINGTON–An appeals court hearing on the constitutionality of the structure of the Consumer Financial Protection Bureau appeared to be divided along partisan lines, according to observers.
Trump Budget Spares CU Tax Exemption; Calls For Restructured CFPB, Elimination of CDFI Fund 05/24/2017 09:02 pm WASHINGTON–President Trump’s proposed 2018 budget proposes a “restructuring” of the Consumer Financial Protection Bureau and eliminates the Community Development Financial Institution Fund, but also assumes the credit union tax exemption will remain in place for at least the next 10 years.
Retailers Say Durbin Amendment Repeal to be Dropped from CHOICE Act 05/24/2017 09:21 pm WASHINGTON– The National Retail Federation is reporting that the House will drop a provision that would have repealed the Durbin Amendment from legislation on which it is expected to vote in June.
Hanscom FCU Awards Scholarships; Cuts Ribbon on Branch 05/18/2017 08:46 pm HANSCOM AFB, Mass.–Hanscom FCU recognized seven high school students with college scholarships at its recent annual meeting, while also cutting the ribbon on a new branch.
Mastercard In Partnership to Speed EMV Checkout Times 05/18/2017 08:49 pm PURCHASE, N.Y.–Mastercard said it is joining forces with payments firms Verifone and Global Payments to speed up EMV checkout times at the point of sale, the company reported.
Chaco Cuts Ribbon on New Branch 05/24/2017 09:36 pm HAMILTON, Ohio–Chaco: a Telhio Credit Union, cut the ribbon on its newly remodeled branch location at 601 Park Avenue in Hamilton, Ohio.
Warning: Watch for 'Manufactured Spending' 05/18/2017 08:54 pm It's an unfortunate fact of life that as we proceed through our days and focus on our to-do list, we may get so engrossed in our work that we miss other items that need our attention.
CU*Answers Kicks Off Series Around 7 Cooperative Principles 05/24/2017 09:38 pm GRAND RAPIDS, Mich.–CU*Answers has kicked off a new educational series for staff members spotlighting the 7 Cooperative Principles and their importance to the organization and credit unions.