WASHINGTON—Saying the CFPB’s current structure “concerns me,” Rep. Andy Barr (R-KY) told NAFCU’s Congressional Caucus the issue is top of mind for him.
Fresh Today
WASHINGTON–After yet-another scandal, Sen. Elizabeth Warren (D-MA) is calling for breaking up the nation’s fourth-largest bank.
WASHINGTON—The Treasury and Federal Housing Finance Agency (FHFA) have announced the suspension of several parts of the 2021 Preferred Stock Purchase Agreements (PSPAs).
ARLINGTON, Va.—On a seasonally adjusted basis, overall consumer prices rose 0.3% in August, with the Bureau of Labor Statistics reporting the overall consumer price index (CPI) grew 5.2% over the 12-month period.
DALLAS–Inflation at the wholesale level climbed 8.3%, year-over-year in August, the biggest annual gain since the Labor Department started recording the 12-month number in 2010, with one analyst saying he disagrees with the Fed that inflation will soon fade away.
WASHINGTON—The Biden administration wants to loosen the grip that Visa and Mastercard have on routing debit card payments in online transactions and the billions in interchange fees that come with it, Bloomberg Law reported.
SAINT JOHNS, Mich.–Journey FCU has named a new president and CEO. The $177-million CU said it has selected Jeffrey Kusler to permanently lead the organization after serving as interim CEO for four months.
DUBLIN, Calif. – Patelco Credit Union is reporting it appointed its president and CEO, Erin Mendez, to its board of directors.
MADISON, Wis.–The World Council of Credit Unions said it will host a webinar on Sept. 29 highlighting the international credit union movement’s efforts to encourage the G20 to bring more attention to how cooperative financial institutions can increase financial inclusion across the globe.
ALEXANDRIA, Va. –NCUA has announced federally insured credit unions with both the minority depository institution and low-income designations are eligible to apply for the MDI mentoring grants from the agency between Oct. 11 and Oct. 29.