During a public briefing at yesterday’s board meeting, the National Credit Union Administration (NCUA) said the combination of technological innovation, expansion of social media, and growing interconnectivity are causing concern about credit...
In more details on the House Financial Services Committee panel vote approving H.R. 5983 (Financial CHOICE Act of 2016), Jeb Hensarling (R- Texas) celebrated the success of the financial reform bill he first introduced in June. In a letter sent to...
Sen. Richard Shelby, R-AL, chairman of the Senate Banking Committee, decided Monday to hold committee hearings to determine from Wells Fargo how more than 2 million credit card and bank accounts were opened in the names of customers. Since 2011...
Sen. Richard Shelby, R-AL, chairman of the Senate Banking Committee, decided Monday to hold committee hearings to determine from Wells Fargo how more than 2 million credit card and bank accounts were opened in the names of customers. Since 2011...
CUNA’s Board of Directors passed a resolution stating CUNA’s commitment to fight against the baseless lawsuit filed against the NCUA and its member business lending rule by the Independent Community Bankers of America (ICBA). In support of that...
Homebuyers are turning to credit unions for their mortgages, which is providential for the industry. Data from the latest CUNA Mutual Group Credit Union Trends Report revealed that credit union first mortgages grew by 1.3 percent during June. The...
Congratulations to the LSCU winners of the 2016 CUNA awards. These awards are given to credit unions that have exhibited the credit union spirit through internal and external programs. The award categories include the Dora Maxwell Social...
In only a few months’ time, awareness of Apple Pay has increased 15 percent among users owning compatible devices. During the same time period, awareness in Android users for Android Pay jumped nearly 20 percent research collected by First Annapolis...
The Independent Community Bankers of America filed suit in federal court yesterday, challenging the NCUA’s new MBL rules, contending that the regulations allow credit unions to exceed limitations on business loans that were established by Congress...
The Department of Defense (DOD) issued a final rule in July 2015 to amend the regulation that implements the Military Lending Act (MLA). Credit unions must comply with the rule for closed-end and open-end consumer credit other than credit card...