ONTARIO, Calif.–The California Legislature has closed the first portion of the 2017-2018 legislative session and the California CU League is reporting a number of CU-backed measures have been passed, including new regulatory improvements to the Property Assessed Clean Energy (PACE) lending market.
WASHINGTON—While no changes to credit unions' federal tax exemption were proposed in the Republicans' latest tax reform framework released today, NAFCU and CUNA said they will continue to tout the importance of the exemption to CUs and the economy as Congress begins its work on this issue.
ARLINGTON, Va.—While credit unions are confident they'll meet the Jan. 1, 2018, compliance deadline for key changes to reporting requirements under the Home Mortgage Disclosure Act (HMDA), only one-in-10 have received final updates from their vendors to implement the new data points, according to NAFCU's latest Economic & CU Monitor survey report.
WASHINGTON—The Department of Labor's (DOL) overtime rule should be revised with more flexibility and reasonable benchmarks to ensure the credit union industry isn't harmed by the rule, NAFCU wrote in a comment letter to the department.
ATLANTA—A federal judge has issued final approval on a $25-million settlement between Home Depot and financial institutions involved in a class action lawsuit against the company.
MADISON, Wis. ̶ TruStage, CUNA Mutual Group’s consumer brand, announced its simplified-issue term life product has exceeded $1 billion in consumer coverage—double the amount since July.
ATLANTA – The CEO of Equifax is out.
IRVINE, Calif.—A new analysis has found a 16.9% increase in mortgage application fraud at the end of the second quarter as compared to one year earlier.
MERRILL, Wis. – First Street Coffee Station said it will open a second location inside Park City Credit Union’s new headquarters here.
PURCHASE, N.Y.—While an increasing number of unbanked people around the globe are getting access to more formal financial tools, many are not using them very frequently and are instead continuing to rely on cash, notes Mastercard.
