The CFPB intends to scrub its existing rules to determine if they strictly follow the Dodd-Frank Act and go no further, the agency said in a new Strategic Plan issued Monday. “Indeed, this should be an ironclad promise for any federal agency; pushing 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?
Wright-Patt CU, TrueCore FCU, Atlanta Postal CU Promote Staff
Eight credit unions from coast to coast had a busy past few weeks as they finalized new hires, promotions and CEO appointments. Plus, the Worldwide Foundation for Credit Unions hired a new executive. WEST The $2 billion Numerica Credit Union in Wenatchee, Wash., hired...
ID Theft Hits All Time High, Consumers Shift Blame to Institutions
The 2018 Identity Fraud Study released by San Francisco-based Javelin Strategy & Research, revealed identity fraud victims increased by 8% (rising to 16.7 million U.S. consumers) in the last year. The online survey of 5,000 U.S. consumers found despite industry...
Credit Union Members Borrow More for Cards, Cars & College
Credit unions ended the year with consumer loans taking more spots in the portfolio parking lot, leaving a smaller share of the loan space for real estate. A preliminary assessment by CUNA and the Federal Reserve Bank’s G-19 Consumer Credit Report released...
NCUA Board to Consider Share Insurance Fund Distributions on Feb. 15
The NCUA board will discuss Share Insurance Fund equity distributions when it meets on Feb. 15. Last year, the board approved the merger of the Share Insurance Fund with its Corporate Stabilization Fund. At the time, board Chairman J. Mark McWatters said that the...
NCUA Board Considers Share Insurance Fund Distributions on Feb. 15
The NCUA board will discuss Share Insurance Fund equity distributions when it meets on Feb. 15. Last year, the board approved the merger of the Share Insurance Fund with its Corporate Stabilization Fund. At the time, board Chairman J. Mark McWatters said that the...