The use of third-party servicers poses a risk to financial institutions, the Office of Comptroller of the Currency says in its semiannual risk perspectives report; but there’s not much the NCUA can do about it. In its report, which covers banks, the OCC said...
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?
Silicon Valley CU Raises Bid on Solar
A Silicon Valley credit union upped its bet on solar energy Thursday, increasing its commitment to fund loans for installing solar panels on homes. Technology Credit Union of San Jose, Calif., said it will commit $400 million a year to a loan program offered through...
Millennials Have Different Views About Retirement & Finances
Millennials have different ideas about retirement, longevity and their finances at the end of life than other generations. But that doesn’t mean they think about those things all that much, nor realistically. In fact, they’re not thinking about their...
CFPB Delays Prepaid Card Act Rules
Credit union trade groups had pushed for this move by the CFPB.
Record Number of Crashers Headed to GAC
Crashers group photo at the Govermential Affairs Conference in 2014 A record number of crashers will be crashing CUNA’s Governmental Affairs Conference in February. Filene Research Institute’s Cooperative Trust announced last week that 78 crashers,...
U.S. Existing-Home Sales Decline as Supply Drops to Record Low
Sales of previously-owned U.S. homes fell in December for the first time in four months, as the market struggles with record-low supply and rising prices, figures from the National Association of Realtors showed Wednesday. Highlights of Existing-Home Sales (December)...