adminOn Tuesday President Obama announced that the Defense Department will expand existing credit protections for troops and families to strengthen protections against predatory lenders. Speaking to the 116th national convention of the Veterans of...
The New York Times reports that after more than a half-century defined by mistrust and rancor, the United States officially reopened its six-story embassy in the Cuban capital on Monday, the culmination of many months of negotiations to overcome...
On Wednesday the Florida Office of Financial Regulation (OFR) issued an administrative complaint charging Intermex Wire Transfer, LLC, with illegally helping several check cashers avoid complying with Florida law. As part of the administrative...
Credit unions received a victory this week when the U.S. House passed, on a voice vote, H.R. 1408, a bill that requires the NCUA, along with its counterparts, to jointly study the appropriate capital requirements for mortgage servicing assets for...
The League has reported for a couple of years now that Walmart could be a serious competitor to credit unions with its goal of providing low cost, easy-to-use financial services to the under-served and unbanked. It is now time to start thinking of...
CUNA told NCUA it is concerned that the agency remains “reluctant” to extend full insurance parity with the FDIC to federally insured credit unions when it comes to interest on lawyer trust accounts, known as IOLATA. In addition, CUNA said another...