This week’s Washington Wire is almost exclusively focused on the CFPB’s small dollar lending proposal, CUNA’s recently released analysis, CUNA’s joint letter with ICBA to the CFPB, and CUNA’s letter to NCUA. Don’t...
The Consumer Financial Protection Bureau (CFPB) recently proposed a comprehensive rule for payday, small-dollar and other covered loans. While CUNA supports efforts to curtail predatory lending practices, the proposed rule is far wider in scope, and...
The League of Southeastern Credit Unions & Affiliates (LSCU) contributed $15,000 to the OneOrlando Fund. The trade association for credit unions in Alabama and Florida hosted its annual Southeast Credit Union Conference & Expo (SCUCE) in...
CO-OP Financial Services and Filene Research Institute announced yesterday an initiative to launch the next Filene Center of Excellence — the Center for Emerging Technology — to provide research and education to credit unions on financial technology...
In its continuing effort to receive feedback on improving the Call Reports process, the NCUA is giving credit unions an additional two weeks to comment on possible changes. The deadline for comments is now Aug. 15. The original deadline was Aug. 1...
In the latest glimpse at the future by CUNA economists yesterday, the U.S. economy is expected to grow by 2.25 percent in 2016, and 2.5 percent in 2017. CUNA economists lowered their outlook for U.S. gross domestic products (GDP) growth by 0.25...
The most prevalent topic in financial news today is Brexit and its effect on economic conditions world wide. The surprising vote to leave the European Union has left many flummoxed, but CUNA economists expect credit unions to be safe from serious...
With the Alabama Speaker of the House position vacated by the conviction of Mike Hubbard, Gov. Robert Bentley has set dates for a special election to fill the seat. Since Hubbard’s conviction on June 10, Victor Gaston has been serving as...
Three months after ending his presidential campaign, Marco Rubio announced yesterday he will run for re-election to the U.S. Senate. While campaigning for the presidency, Rubio repeatedly asserted he would not seek re-election to the Senate, but...
Federal Reserve Chair Janet Yellen spoke before the Senate Banking Committee yesterday, a twice yearly occurrence, saying the U.S. hiring slowdown warrants a cautious approach to raising interest rates, according to wire service Reuters. Key factors...