The Trump Administration has made it clear that independent agencies, such as the NCUA and CFPB, do not have to comply with the executive order requiring agencies to revoke two regulations for every one rule that is adopted. “Nevertheless, we encourage...
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?
Homeowners Staying Put Longer: Study
The continuing recovery in the housing market has been relieving increasing numbers of homeowners from owing more on their mortgage than their home is worth. Yet the persistent remainder has left a mark by keeping potential buyers out of the market and choking supply...
DOL Wins Fiduciary Rule Case in Texas
Texas federal trial Judge Barbara M.G. Lynn ruled in favor Wednesday of the Labor Department in the case brought by nine plaintiffs against Labor’s fiduciary rule. Lynn had promised a ruling by Friday. The nine plaintiffs, including the U.S. Chamber of...
BALANCE Merges with Bakersfield Credit Counseling Service
Two long-time credit counseling services in California have merged operations from the Bay area to Bakersfield. BALANCE, based in Concord, Calif., announced Feb. 1 that it has completed a merger with Consumer Credit Counseling Service of Kern and Tulare Counties...
Dodd-Frank Rollback Gets Rolling
The House Financial Services Committee will zero in this Congress on Dodd-Frank Act implementation, with a likely rollback of the law with the reintroduction soon of Rep. Jeb Hensarling’s Financial Choice Act, but hurdles remain in the Senate. Hensarling,...
Police: Fire Deliberately Set at CU Under Financial Investigation
A police investigator said a fire that occurred at a Washington credit union in March 2016 was deliberately set. A financial investigation is under way of the $3.3 million G H Woodworkers Federal Credit Union in Aberdeen, Wash., after “several unusual...