WASHINGTON—Responding to the ongoing attacks from bankers, including a newly released paper that calls for the repeal of the credit union tax exemption, NAFCU Vice President of Legislative Affairs Brad Thaler touted the economic benefits of the tax exemption in a message to lawmakers on Capitol Hill.
ARLINGTON, Va.—Total retail sales fell 0.3% in September, ending six consecutive months of sturdy growth. Separately new Federal Reserve Beige Book data reveal the economy expanded only slightly in September.
WASHINGTON— CFPB Director Kathy Kraninger was the subject of sharp questions and accusations during a tension-filled hearing before a House Committee, where Democratic members accused the CFPB of shirking its responsibility for protecting consumers from financial fraud.
DUBUQUE, Iowa—Dupaco Credit Union has distributed $3.6-million in bonus dividends to 58,665 members who participate in its “Thank Use” program. The funds were distributed in conjunction with International Credit Union Day.
SPOKANE, Wash.–There have only been three really significant changes in the history of mankind—and the fourth is underway, according to one person, who told an audience of CU execs they are going to see some extraordinary things in their lifetimes.
SPOKANE, Wash.–Six months into his term on the NCUA board, Todd Harper outlined what he said he has observed during his term to date before a group of credit unions here.
SPOKANE, Wash.–Innovation is critical and can be championed by any CU regardless of asset size, according to one person who shared his organization’s strategy for breaking down into three areas where to focus when it comes to innovation.
ST. PETERSBURG, Fla.–Consumers’ needs when it comes to payments are showing a shift in 2019, according to PSCU’s just-released “Eye on Payments” study.
APPLE VALLEY, Minn.– The Minnesota Credit Union Network (MnCUN)has launched the new Minnesota Credit Union Employee Benefits Plan. The plan was approved by the Minnesota Department of Commerce in late August and to date, the plan has received nearly 40 requests for quotes from member credit unions headquartered in the state, the MnCUN said. The Employee Benefits Plan was formally introduced during a reception at Wings Financial Credit Union.
WASHINGTON—The Consumer Financial Protection Bureau should eliminate data points required by its 2015 Home Mortgage Disclosure Act (HMDA) rule but not required by Dodd-Frank, according to CUNA, which submitted its comment letter to the CFPB on its advance notice of proposed rulemaking on HMDA data points and coverage.
