Here’s how a typical family financed a college education in 2016-2017 according to the latest annual report, How America Pays for College, from Sallie Mae: Scholarships & grants: ...
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?
Acting Comptroller Endorses Fintech Charter Plan
Acting Comptroller Keith Noreika Wednesday endorsed his predecessor’s plan to issue national bank charters to fintech companies. Speaking at the Exchequer Club in Washington, Noreika also said that despite a lawsuit challenging the OCC’s power to issue...
2017 Breaches, So Far, Setting a Record Pace
U.S. breaches are on a record pace, again, following a record-breaking 2016, according to a report from the San Diego-based Identity Theft Resource Center and Providence, R.I.-based CyberScout (formerly IDT911). The number of U.S. data breaches tracked through June...
Navy FCU Acquires Fort Meade Community CU
Navy Federal Credit Union has acquired a small credit union with two branches in Fort Meade, Md. Fort Meade Community Credit Union, which has been operated by Navy since Monday, is not federally insured and NCUA’s website does not have call reports for the...
CFPB Arbitration Rule to Be Published, as Cordray Denounces OCC Threats
The CFPB’s final rule governing arbitration agreements will be published in the Federal Register Wednesday, a move that may start the clock ticking for any congressional attempt to nullify the rule. And in the latest salvo in the fight between CFPB Director...
Poll: Voters Support CFPB, Strict Financial Regulation
As Republicans push to overhaul Dodd-Frank, a new poll shows that voters favor strict regulation of financial institutions and the goals of the controversial CFPB. The poll was sponsored by Americans for Financial Reform and the Center for Responsible...