LoanDepot Inc., a mortgage lender basing its growth around digital applications, isn’t giving up on humans’ role in the home-buying process just yet. The lender’s parent, LD Holdings LLC, said it is working on a service to connect pre-approved...
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?
FINRA’s Budget, Released for First Time, Shows Revenue Problems
The Financial Industry Regulatory Authority on Thursday morning released its annual budget for the first time, stating that despite “revenue challenges,” FINRA will not increase member fees. Projected revenue is flat for 2018, at about...
CUs in Hawaii, Oregon, Virginia Appoint Executives
This past week, nine credit unions from Hawaii to the east coast made announcements of new hires and promotions. Check out the latest People news here. WEST The $118 million Kauai Government Employees Federal Credit Union in Lihue, Hawaii appointed Monica...
Shutdown Spares NCUA, CFPB
The NCUA will remain open even as much of the federal government is shut down, agency officials said, as credit unions prepared to help federal employees hurt by the budget impasse. “The NCUA is an independent agency of the federal government, and its operating...
New Credit Union CEOs Take Over in 2018
Credit Unions in California, Oregon, Virginia, Kentucky and New York recently named new CEOs. Gary Rodrigues was promoted to president/CEO of the $9.5 billion Star One Credit Union in Sunnyvale, California’s fourth largest credit union by assets. He succeeded...
Democrats Push Senate Leaders to Keep CFPB Out of Appropriations
A group of 40 Democratic senators is calling on Senate leaders to ensure that any final appropriations measure does not include a provision making the CFPB subject to the annual appropriations process. “Independent funding for the CFPB is critical for the agency...