Overtime Rule’s Fate in Doubt

They may not know what’s going to happen to it, but business owners have opinions about the Fair Labor Standards Act’s rule on overtime pay. The Department of Labor was granted an expedited review of the rule by a federal appeals court after...

NCUA Board Seeking Comment on Alternative Capital

The NCUA board approved plans Thursday to seek public comment on alternative types of capital that might be used to meet statutory capital standards. “There are significant implications of alternative capital for the credit union system, and this subject is just...

Credit Union Hispanic Designations Grow

Since going national 16 months ago, 32 credit unions across 15 states have earned the Juntos Avanzamos designation, bringing the total number to 64 credit unions that have secured the designation to serve the fast growing Hispanic population. By the end of 2017, it is...

More Than Half of ATMs Now Located Away From Branches

Globally, more than half of all ATMs are now installed away from bank branches, and in the United States, about two-thirds are, according to new findings from a study by London-based research and consulting services firm RBR. The study, released last week, researched...

CFPB Sues Navient, the Largest US Student Loan Servicer

The Consumer Financial Protection Bureau is suing Navient, the country’s largest student loan servicer, for illegal repayment practices. The CFPB charges that Navient, formerly part of Sallie Mae, provided bad information to borrowers, processed payments...