by GrafWebCUSO | Jul 11, 2017 | News
Credit unions gained a slightly larger share of consumer lending in May, as their loans for cars and credit cards grew faster than banks, the Federal Reserve reported Monday. Total consumer credit stood at $3.8 trillion on May 31, up 5.8% from a year earlier,...
by GrafWebCUSO | Jul 11, 2017 | News
A Republican senator said today he will mount an effort to convince Congress to nullify the newly released CFPB’s arbitration rules. “The CFPB has gone rogue again, abusing its power in a particularly harmful way,” said Sen. Tom Cotton (R-Ark.)....
by GrafWebCUSO | Jul 11, 2017 | News
Financial technology is about to go mainstream. That’s according to the EY FinTech Adoption Index, which finds that fintech adoption among consumers has surged globally over the past 18 months—in the U.S. it’s doubled...
by GrafWebCUSO | Jul 11, 2017 | News
President Donald Trump’s immigration policies are apparently influencing the home buying and selling plans of Arabs, Asians and Latinos, according to a national survey of more than 3,000 people who bought or sold a home in the last year. The survey also found...
by GrafWebCUSO | Jul 10, 2017 | News
The $2.4 billion based Albuquerque, N.M. Sandia Laboratory Federal Credit Union selected San Diego-based, Corelation, Inc., to convert unwieldly dual core processing systems into a single, flexible and open architecture. SLFCU chose Corelation’s KeyStone member...
by GrafWebCUSO | Jul 10, 2017 | News
The CFPB on Monday released final rules that will restrict the use of arbitration clauses in financial contracts—specifically rejecting the argument made by credit unions that they should be exempt from the regulations. “While credit unions may be...
