ARLINGTON, Va.–One economist agrees with NCUA Chairman Todd Harper that there continues to be reason to be wary of the “economic fallout” from the pandemic even as the economy is well on its way toward recovery.
Fresh Today
ARLINGTON, Va.—A decade after the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Durbin Amendment has had an “unequivocally negative” impact on credit unions’ non-interest income, according to data compiled by NAFCU and included in its latest Economic & CU Monitor report.
WASHINGTON—With more than two-million homeowners still in forbearance, the Consumer Financial Protection Bureau is reporting it has finalized amendments to the federal mortgage servicing regulations.
ALEXANDRIA, Va.–As many credit unions are still working out their return-to-work policies, including whether to require vaccinations, a new survey has found two-thirds of U.S. adults say they have a right to know the vaccination status of fellow workers.
WASHINGTON—The U.S. Securities and Exchange Commission (SEC) has launched what one report is calling a “salvo across the bows of public companies” with its civil monetary penalties and a cease-and-desist order against First American Financial Corporation (FAFC) for deficient disclosure controls and procedures related to cybersecurity risks.
HOUSTON–eCU Technology has announced a series of free webinars on how its ORIGINS suite can “drive digital growth and slash online abandonment rates for membership, loan and business applications.”
DENVER–Denver Community Credit Union said it has launched a new solution for members that offers free access by members who use digital banking to their credit score and credit report daily.
WASHINGTON—Complaints against some digital payment services and apps like Venmo, Cash App or Zelle are skyrocketing, according to a new report.
WASHINGTON–The Federal Deposit Insurance Corporation (FDIC) will host a virtual conference today (June 29) to explore how financial technology and innovation can create a more diverse, equitable and inclusive banking system.
NEW YORK–Who falls for financial scams most often: Young adults or seniors? The answer will surprise many, as it turns out young adults do a poor job of seeing through fraud that involves bad checks, fake job offers and more.