Acting CFPB Director Mick Mulvaney already has instituted changes at the agency that threaten the stability of the Lower East Side People’s Federal Credit Union, the credit union says in new court documents seeking Mulvaney’s ouster. “Mr....
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?
CUs React to Feds’ Decision Threatening Their Lucrative Pot Business
Credit unions that serve the marijuana industry are not pressing the panic button yet in reaction to U.S. Attorney General Jeff Sessions decision to reverse former President Barack Obama’s policy that shielded legalized pot businesses from federal prosecution....
Lotteries Generate Serious Interest & Revenue
Powerball and Mega Millions are leading a craze. Many people love playing the games and most states love the revenue generated from those selecting potential jackpot numbers and scratch off tickets. Americans spent some $80 billion on traditional and electronic...
‘Cheerleader’ McWatters Doesn’t Belong as CFPB Chief: Community Bankers
Community bankers come out against the NCUA's McWatters as the CFPB's potential leader.
ADA Lawsuits Against CUs Spike in December
More than 30 new ADA suits were filed against credit unions last month over the accessibility of their websites, likely making it a “December to remember” for many in the credit union industry. The surge brings the total number of suits filed to more...
First U.S. Auto Slump Since 2009 Doesn’t Mean Party’s Over
The good news and bad news for lenders and the auto sales marketplace.