The NCUA board will consider its Strategic Plan at its Jan. 25 meeting. The board has been soliciting public comment on the draft plan, which establishes a variety of agency goals and objectives. The board also will consider its 2018 annual performance plan at the...
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?
Credit Unions Fill Loan Gaps for More Students
Credit unions continued to increase their role as secondary lenders for college students last year, with their private student loan portfolios growing faster than those of other private lenders and the federal government. Borrowers requested forbearance on their...
House Panel Approves Bill Exempting Most CUs From CFPB Rules
The House Financial Services Committee Thursday approved legislation that would exempt virtually all credit unions from CFPB rules. Voting 30-25, the committee approved H.R. 1264, which would exempt all financial institutions with less than $50 billion in assets from...
NAFCU Sends Cease & Desist Letter to ADA Law Firm
NAFCU is demanding that a California law firm stop sending letters to credit unions contending that they owe legal damages because their websites do not comply with the Americans With Disabilities Act. In a letter to Scott Ferrell and Victoria Knowles of the Pacific...
Reaction: CFPB Revisiting Payday Lending Rules ‘is Unacceptable’
The CFPB’s regulation of payday lenders always has provoked heated arguments on both sides of the issue and the agency’s Tuesday announcement that it may reconsider its rule restricting lenders again fanned those flames. “Republicans are once again...
Workers Want More Help in Finance Than Employers Think They Should Provide
Two studies from Alight Solutions indicate that there’s a disconnect between how much financial help workers think they should be getting from their employers and how much help those employers think they should give. According to the 2017...

