U.S. new-home construction rebounded in October to the fastest pace in a year, partly reflecting recovery efforts in the hurricane-stricken South, government figures showed Friday. A pickup in permit applications for one- family dwellings indicates building will...
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 Union Employee Helps Catch a Thief
Following an audit, a Louisiana woman was accused of allegedly stealing more than $10,000 from a credit union where she was employed, while an alert credit union employee in Florida helped police catch a woman running a fraudulent car loan scheme. Alyse Jones, 22, a...
Small Businesses Reveal Cash Flow Issues, but Optimistic Outlook
Small businesses reveal cash flow as an overriding concern in a web-based survey from Boston-based Mercator Advisory Group’s regarding payment acceptance, B2B payments and banking services use and alternative lenders. The research, “Business Credit Cards...
Senate Committee Approves Tax Bill, Preserving CU Tax Exemption
The Senate Finance Committee Thursday approved its version of tax reform legislation, which retains the credit union tax exemption. The bill now goes to the Senate floor, where it faces an uncertain future because it remains unclear if Senate Republicans have the...
OMB’s Mulvaney Likely Interim CFPB Chief; Once Called Agency ‘A Joke’
President Trump is likely to select Office of Management and Budget Director Mick Mulvaney as the interim director of the CFPB—an agency Mulvaney once called a joke. Mulvaney would temporarily replace Richard Cordray, who announced he was leaving the agency by...
This Thanksgiving, Bring Out Your Inner Oprah
Remember how much everyone couldn’t wait for 2016 to be over? I saved a cartoon on my phone the day after Christmas last year that summed it up perfectly. The cartoonist compared the year to a party guest who refuses to leave, illustrating it as a big round ball...

