GAINESVILLE, Fla.– Numerous state and federal regulators, government agencies, credit union trade groups and consumer organizations are now making extensive resources available for credit unions to use in responding to the threat from coronavirus (COVID-19).
SAN FRANCISCO–Two members of the Wells Fargo board of directors, including its chairwoman, have resigned following a scathing report by the House Committee on Financial Services.
CINCINNATI—Fifth Third Bancorp said it “rejects” the allegations made in a lawsuit filed by the Consumer Financial Protection Bureau that alleges its employees opened unauthorized accounts in the names of its customers.
ARLINGTON, Va.— Total consumer credit rose 3.4% in January (seasonally-adjusted, annualized) and is up 4.4% versus a year ago, according to new data that also show a decrease in revolving credit.
WASHINGTON—NAFCU has joined with 32 other trade organizations spanning the housing finance ecosystem to urge Congress to "refrain from utilizing Fannie Mae and Freddie Mac guarantee fees ("g-fees") as a source of funding offsets."
RANCHO CUCAMONGA, Calif. – Since going live one year ago, CO-OP Financial Services is reporting its COOPER Fraud Analyzer has monitored in real-time more than 113.6 million credit union member transactions.
PLANO, Texas–The recent surprise cut in rates by the Fed is aimed at stimulating the economy, but credit unions need to be prepared for an “immediate impact” on the yields they’re seeing on investments, according to an analyst with Catalyst Strategic Solutions.
WASHINGTON—Ahead of a Senate Banking Committee hearing with CFPB Director Kathy Kraninger to review the Bureau's semi-annual report, NAFCU sent a letter to the committee suggesting areas where the trade association believes the structure and operations of the CFPB could be enhanced.
WASHINGTON—Blaine Luetkemeyer (R-MO), a member of the House Financial Services Committee, has introduced legislation that would change the CFPB's governance structure from a single director to a bipartisan commission.
SALT LAKE CITY–Amber Harsin has been named CEO of the fintech CUSO Prodigy, replacing Bret Weekes, who is leaving to serve a mission for the Church of Jesus Christ of Latter Day Saints.
