WASHINGTON–A consumer group is blasting an announcement by the CFPB regarding the Dodd-Frank Act’s ability to repay and qualified mortgage rules, saying the move actually “flies in the face” of Dodd-Frank.
Fresh Today
SACRAMENTO, Calif.—California is expected to create a financial protection watchdog agency by month’s end.
MADISON, Wis.–How can credit unions focus on the future and find fee income replacements and new revenue sources? A couple of experts said the answer lies less in specific product/service categories and much more in a credit union’s broader strategic approach.
EXTON, Pa.—Citadel FCU has introduced a new brand identity that includes a redesigned logo, refreshed color palette, and new tagline, “Building Strength Together.”
MADISON, Wis.–Wisconsin’s Governor’s Task Force on Student Debt has released a final report that outlines eight recommendations for how Wisconsin can provide relief, education, and protection to its student debtholders now and in the future.
TIGARD, Ore.–Eight Oregon credit unions have been approved to participate in a $35-million program in the state that will make one-time $500 relief payments to Oregonians facing hardships due to the COVID-19 pandemic.
WASHINGTON—Following the interagency statement released last week by federal banking agencies, including the NCUA and Federal Reserve, the Financial Crimes Enforcement Network (FinCEN) has issued its statement outlining its approach to enforcing the Bank Secrecy Act.
WASHINGTON—The U.S. Department of Treasury, NASCUS and CUNA said they have joined together to provide credit unions with greater than $250 million in assets an opportunity to practice cybersecurity response during an upcoming webinar.
GOLDSBY, Okla.–NCUA has granted a federal charter and National Credit Union Share Insurance Fund coverage to Growing Oaks Federal Credit Union here. It is the first federal CU to be granted a charter in 2020.
MADISON, Wis.–It can be difficult in a heavily regulated industry to develop new ideas and bring them to market, so a group that has successfully done just that on numerous occasions across numerous products shared its insights on the process.