Efforts to encourage new credit unions are hamstrung by a 17-step chartering process and burdensome regulations—hurdles that are too high for many potential financial institutions to clear, the president of a New York City credit union told a House subcommittee...
Credit Union Industry News & Updates
The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.
WHAT’S GOING ON AT CREDIT UNIONS?
Texas Judge Denies Emergency Request to Block DOL Fiduciary Rule
The judge overseeing the lawsuit filed by nine plaintiffs in Texas against the Department of Labor’s fiduciary rule denied an emergency request by the groups to stop the rule from taking effect while they take their case to the U.S. Court of Appeals...
‘Upscale Millennials’ More Likely to Adopt Usage-Based Insurance
New research has found that nearly a third of millennials — those born between 1982 and 2000 — qualify as urban professionals earning in excess of $75,000 per year, according to Nielsen. That represents approximately 24 million...
8 Money Problems Financial Education Could Have Avoided
Companies increasingly realize that employee financial wellness is crucial to their bottom lines, and to employees stressed over money—particularly as they approach retirement knowing their savings are falling far short. A study at TradeSchools.net...
Trump Has Power to Remove CFPB Director Cordray Now, Conservatives Say
President Trump has the power to remove CFPB Director Richard Cordray now and does not have to wait for a federal court to rule on the whether the agency’s structure is constitutional, three conservatives told a House subcommittee Tuesday. “Please do not...
Federal Agencies Improving Cyber Defense: Report
The White House recently issued its annual cybersecurity progress report, finding that while federal agencies strengthened cybersecurity defenses in fiscal year 2016, “a significant amount of work remains to implement these controls.” Grant...