COSTA MESA, Calif.–A new study from J.D. Power has found trust in lenders actually increased during the past year and, perhaps even more surprising to many, traditional lenders actually outperformed fintechs in a number of critical areas.
Fresh Today
CHICAGO–The president of a bank that was acquired by a credit union in a deal that has led to a lawsuit over alleged accounting issues and who was later terminated by the credit union has won a half-million-dollar settlement against the CU, according to a new report.
WASHINGTON—Congress should hold the Small Business Administration (SBA) accountable for blocking privately insured credit unions from accessing Paycheck Protection Program (PPP) funding, CUNA wrote to the House Small Business Committee.
WASHINGTON—Ahead of a House Financial Service Committee hearing to provide oversight of the nation’s largest banks, NAFCU sent a letter noting the fines for consumer abuses assessed to banks, and urged support of the Expanding Financial Access for Underserved Communities Act.
HAGERSTOWN, Md.–Perfect Circle Credit Union has named a new president and CEO.
OKLAHOMA CITY, Okla.–Starting in 2022, Oklahoma’s state-chartered credit unions will benefit from a significant reduction in the so-called privilege tax they’re required to pay, according to the Cornerstone Credit Union League.
WASHINGTON—CUNA called for U.S. Agency for International Development (USAID) procurement reform in a letter sent for a Senate Appropriations subcommittee hearing.
WASHINGTON–During a three-hour Senate hearing featuring the leaders of the nation’s six largest banks the most contentious moments came when Sen. Elizabeth Warren (D-MA) grilled JPMorgan Chase CEO Jamie Dimon over the bank’s overdraft practices during the pandemic.
ARLINGTON, Va. – NAFCU said it has launched a new member-only online community, the NAFCU ONES + CFPB Supervision Network.