WASHINGTON—The CFPB’s new interim final rule related to Regulation X, which clarified mortgage servicers do not violate the regulation's provisions by offering certain coronavirus-related payment deferral options, was the subject of a discussion between the Bureau and NAFCU Senior Regulatory Counsel Elizabeth LaBerge. The conversation also focused on how the Bureau can provide more relief to credit unions amid the coronavirus pandemic.
LEXINGTON, Ky.— UK Federal Credit Union is expanding its relationship with the University of Kentucky.
NEW YORK—With small businesses hit hard by the pandemic, Amex is bringing back its small business statement credit incentive.
NEW ORLEANS–Credit unions aren’t alone in being victimized by some enormous embezzlements, as one man has been charged with stealing $123-million from First NBC Bank in New Orleans. The theft ultimately led to the bank’s failure.
WASHINGTON–Credit unions have received some feature treatment from the Washington Post.
WASHINGTON—The Consumer Financial Protection Bureau settled with Timemark, Inc., a company based in Deerfield Beach, Fla., that provides debt-relief services to consumers with federal student-loan debt, and with its owners and officers, Timothy Lenihan, Sr., Mark Nagler, and Casey Gassaway.
WASHINGTON–The Senate Committee on Banking, Housing and Urban Affairs has scheduled a hearing on the nomination of Kyle Hauptman to serve on the NCUA board for July 21.
WASHINGTON — The U.S. Supreme Court has agreed to hear an appeal by the Trump Administration, which is seeking to avoid a lawsuit by shareholders of Fannie Mae and Freddie Mac relating to the government conservatorship of the companies more than a decade ago following the financial crisis.
ARLINGTON, Va.—Total consumer credit fell 5.3% in May on a seasonally-adjusted, annualized basis, but it is up 0.9% versus a year ago, according to new data.
ARLINGTON, Va.—During the first quarter of 2020, year-over-year growth rates among credit unions were stable, with loan growth increasing slightly due to higher mortgage refinancing activity, according to NAFCU's Q1 CU Industry Trends report.
