As the Senate publicly begins examining comprehensive tax reform, credit unions are warning the Finance Committee that retaining the income tax exemption amounts to a life and death issue. “Simply put, the tax exemption is an issue of survival for credit...
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?
Mortgage Experts Predict Improvement as Shortage Persists
The Mortgage Bankers Association on Monday predicted a sharp increase in new home sales in June as homes on the market remain scarce. “The shortage of existing housing supply should keep pressure on prices and new homebuilding throughout the balance of this year...
House Panel Explores Fiduciary Rule Fallout
Some financial service firms are “freely acknowledging” they stand to make more money servicing fewer clients as a result of the Labor Department’s fiduciary rule, which is expected to result in more retirement investors being moved to fee-based...
Have We Reached Mobile Banking App Saturation?
Is consumer mobile banking app growth starting to level off? For the second consecutive year, overall growth did not show a substantial gain according to the Austin, Texas-based Malauzai Software. However, even though there was only a 6% growth in mobile banking apps...
CFPB Asked to Delay Arbitration Rules
The regulatory battle between the CFPB and the Office of the Comptroller of the Currency over the consumer agency’s final arbitration rule raged on Monday, with the OCC asking that the rule not be published until it conducted an independent review of the...
BECU, Hopewell FCU, Redwood CU Hire & Promote
This past week, 10 credit unions across the nation revealed news about staff hires, promotions, professional designations and appointments. Check out the latest People news below. WEST The $3.4 billion Redwood Credit Union based in Santa Rosa, Calif., named Sandy...