WASHINGTON—The Russian invasion of Ukraine and its implications for the global economy have added to growing inflation pressures and ongoing supply chain difficulties as monetary policy tightening begins, according to the March 2022 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.
WASHINGTON – Consumer groups are hailing an announcement by the big three credit bureaus-- Equifax, Experian, and TransUnion—that they will change how they report medical debt, which will result in the removal of nearly 70% of medical bills from credit reports.
MADISON, Wis.— Thirty “up-and-coming” credit union leaders have been selected to participate in the CUES Emerge 2022 program. All participants were selected based on their “potential to create a lasting impact within the credit union industry,” CUES stated.
WASHINGTON—Over credit union opposition, the House has passed the Forced Arbitration Injustice Repeal Act (FAIR), which bans arbitration provisions in private contracts, in a 222-209 vote.
JACKSON, Mich.–American 1 Credit Union said it has committed $5 million over five years and partnered with Lean Rocket Lab on a program to help small business owners gain access to capital in the form of a small business loan program.
WACO, Texas—The $14-million 1st University Credit Union is now offering CURevl’s new resource, colleging, to help members plan for college, CURevl announced.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has assessed a $140 million civil money penalty against USAA Federal Savings Bank (USAA FSB) for willful violations of the Bank Secrecy Act (BSA) and its implementing regulations.
AUSTIN, Texas—New Vista Solutions has released SmartView, which it described as an exclusive residential evaluation report that “utilizes mobile devices and the latest technology to create the fastest, cost-effective product available today for home equity lending.”
RICHMOND, Va.–A dispute over plans by one credit union here to expand its field of membership continues even after three years, but a resolution may be in the works, according to one report.
LIVERMORE, Calif.–OE Federal Credit Union here has selected PSCU forcredit and debit processing support and services.
