The NCUA board would remain at three members and the CFPB’s powers would be even more severely curtailed, under changes to a broad Dodd-Frank overhaul bill being contemplated by House Financial Services Chairman Jeb Hensarling (R-Texas). The three-member board...
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?
Cloud Storage Site Phishing Increasing, But FIs Still the Top Target
Cloud storage sites will likely overtake financial institutions as the top phishing attacks targets, marking a major evolution in phisher targeting according to PhishLabs’ “2017 Phishing Trends & Intelligence Report.” The Charleston, S.C....
Trump Does Not Expect NCUA, CFPB to Comply with Two-for-One Order
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...
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...