ARLINGTON, Va.—With talk of “inflation” being increasingly discussed, new data show on a seasonally-adjusted basis, overall consumer prices rose 0.6% in May, with the Bureau of Labor Statistics reporting the overall consumer price index (CPI) grew 4.9% over the 12-month period.
WASHINGTON—NAFCU is calling on NCUA to minimize examination burdens by not making requests for model validations, in addition to making several other requests.
WASHINGTON–CUNA has made several recommendations related to NCUA and Prompt Corrective Action.
PHILADELPHIA–Plans by two CUs in Pennsylvania to merge have been announced, while two other CUs in Michigan say their combination is now complete.
MIDLAND, Mich.–After 25 years with Members First Credit Union (MFCU), President and CEO Eric Brubaker has announced his retirement at the end of this year, with the credit union also naming his successor.
ORLANDO–Live credit union events continue to come back to life, with the League of Southeastern Credit Unions & Affiliates this week becoming the latest to hold an in-person meeting.
WASHINGTON – For the third consecutive quarter, an increased share of mortgage lenders expect profit margins to retreat further from last year’s highs, according to Fannie Mae’s Q2 2021 Mortgage Lender Sentiment Survey.
SAN FRANCISCO–Wells Fargo has reached yet another settlement for alleged violations of its own customers, this time for practices related to Guaranteed Auto Protection (GAP) fees.
WASHINGTON– The U.S. Credit Union System Digitization Working Group has released a purpose statement in which the group, which includes 41 credit union system leaders from across the U.S., describes its effort to create a roadmap for digitization.
NEW YORK–New York Attorney General Letitia James has secured a court order that continues a mandated pause on the illegal and fraudulent operations of the cryptocurrency trading platform Coinseed, Inc. and puts in place a receiver to ensure the protection of investors’ money going forward, the New York AG’s officed announced.
