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...
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?
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...
Tax Exemption a ‘Matter of Survival’ for Credit Unions, as Tax Fight Flares
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...
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...

