WASHINGTON–The Consumer Financial Protection Bureau has taken action against two American Express banking subsidiaries for discriminating against consumers in Puerto Rico, the U.S. Virgin Islands, and other U.S. territories by providing them with credit and charge card terms that were inferior to those available in the 50 states.
GRAND RAPIDS, Mich.–CU*Answers announced that its new Developer’s Help Desk (DHD) online store is open for business and has already started to secure client and vendor interest and early orders.
VIENNA, Va.–There is an opportunity for credit unions when it comes to Millennials and a divide between perception and reality about their personal finances, according to one new analysis.
BANNOCKBURN, Ill.–Great Lakes Credit Union has made a $50,000 donation to support the National Museum of the American Sailor, the only museum dedicated to the enlisted sailor.
ST. PAUL, Minn.–Affinity Plus FCU is reporting it has now surpassed $175,000 in special downpayment grants to assist members in purchasing homes.
WASHINGTON—CUNA is reporting its Member Activation Program (MAP) has been effective at helping credit unions to have their voices heard as part of the trade association’s Campaign for Common-Sense Regulation. But CUNA also stated that much more is possible, CUNA is saying. CUNA launched its bipartisan, pro-consumer Campaign for Common Sense Regulation in January of this year.
WASHINGTON–CUNA is moving its Washington offices.
WASHINGTON–Revoking the tax-exempt status of credit unions is among the tax policy changes being called for in a new white paper from a bankers’ group.
WASHINGTON—Representatives from several NAFCU-member credit unions, along with the association's Dan Berger and Carrie Hunt, met with Treasury Department Secretary Steven Mnuchin on issues of importance to credit unions, including tax reform, housing, lending and regulatory relief.
WASHINGTON–FDIC-insured institutions earned $48.3-billion during the second quarter of 2017, with community bank net income rising $5.7 billion over one year earlier.
