Fresh Today

NEW YORK–Inclusiv has parted with other credit union trade groups in saying it supports the CFPB’s current single director structure.

WALTHAM, Mass.–Two Massachusetts credit unions are merging. Members of Waltham Municipal Employees Credit Union have approved a merger with RTN Federal Credit Union, headquartered in Waltham. The merger is effective Feb. 1.

STERLING, Colo.–Sterling and Fort Morgan FCU has announced a bonus dividend and loan interest refund for its members.

WASHINGTON—Credit union loans outstanding grew 0.56% in November, compared to an 0.64% increase in October, according to CUNA’s Monthly Credit Union Estimates for November 2019.

ALEXANDRIA, Va.—In response to NCUA's decision to extend the 18% loan interest rate ceiling until Sept. 10, 2021, NAFCU is urging the agency explore the adoption of a variable interest rate, and encouraged the board to publish an advanced notice of proposed rulemaking (ANPR).

ARLINGTON, Va.—The U.S. economy grew by 2.1% in the fourth quarter, remaining unchanged from its third quarter pace, according to the Commerce Department's initial GDP estimate.

ALEXANDRIA, Va.– NCUA has issued six prohibition notices and one prohibition order.

KOLOA, Kauai–A member of the NCUA board and the head of a trade group for state regulators weighed in here on questions ranging from CU acquisitions of banks, the CU tax exemption, the pending demise of LIBOR and more.

WASHINGTON–The House has passed the Comprehensive CREDIT (Credit Reporting Enhancement, Disclosure, Innovation and Transparency) Act of 2020, which aims to reform certain aspects of the credit bureaus.

WASHINGTON—Ahead of the House Financial Services Task Force on Financial Technology hearing to discuss the rise of mobile payments, NAFCU Vice President of Legislative Affairs Brad Thaler urged the task force "to support efforts to allow all types of credit unions to add underserved areas to their fields of membership."