WASHINGTON—In a letter to the Department of Veterans Affairs, NAFCU has raised concerns about increased regulatory burdens the VA's interim final rule amending its regulations regarding VA-guaranteed or insured cash-out refinance loans could have on credit unions. The association stated, "credit unions do not engage in the types of predatory lending practices that this rule intends to target."
ARLINGTON, Va.–Last week’s hearing in the Senate on the nomination of a new head of the Federal Housing Finance Authority means it’s likely GSE reform will be pushed to the forefront should the nominee ultimately be appointed.
WASHINGTON–Both the House and the Senate are in recess this week, with members in their home districts and state.
COLUMBIA, S.C./RALEIGH, N.C.–Credit unions in the Carolinas have launched support for CUNA’s “Open Your Eyes to a Credit Union” awareness initiative.
JACKSON, Mich.– American 1 Credit Union said it has paid out $1.2-million to members as part of its 2018 Member Giveback.
NEW YORK–Inclusiv, the organization formerly known as the National Federation of CDCUs, said it has launched “Bridging the Gaps: Promoting Financial Inclusion in Rural Communities,” a new financial empowerment initiative made possible in partnership with Capital One.
WASHINGTON—CUNA’s 2018 Year-in-Review Checklist has been released. The association said the list consolidates resources and information available on the finalized rules and regulations that occurred during calendar year 2018.
WASHINGTON–Credit unions made more than $46-million in low- or no-interest loans to more than 60,000 federal workers who were also members during the recent partial federal government shutdown, according to data compiled by CUNA.
DALEVILLE, Ala.–The $1.2-billion Army Aviation Center FCU here has announced a name change, as well as a new merger.
PHOENIX–A phishing scam that targeted members of a credit union in Alabama has led to the sentencing of a man here.
