adminTwenty-three federally insured, low-income credit unions in 17 states have been awarded $536,000 in grants to support outreach to underserved members, NCUA said. Recipients in Alabama include: Alabama Teachers CU, $7,500; NRS Community Development...
This week, the House is expected to vote on H.R. 477, the Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017; H.R. 3971, the Community Institution Mortgage Relief Act of 2017 and H.R. 38, the Concealed Carry...
The financial health of credit unions depends on the financial health of their members. And the financial health of credit union members depends in large part on how the overall economy and individual local economies are faring. Through the middle...
A credit union’s board and senior management are responsible for overseeing the business continuity planning process, which includes: Establishing policy by determining how the credit union will manage and control identified risks; Allocating...
The CFPB is seeking approval from the Office of Management and Budget for, and comments on, its plans to conduct online testing of ATM/debit card overdraft disclosures with 8,000 individuals. The testing will explore consumer comprehension and...
Several members of the U.S. House introduced a resolution last week to repeal the Consumer Financial Protection Bureau (CFPB) rule on small dollar loans through use of the Congressional Review Act (CRA). The final rule, issued in October but not...