CHICAGO—NCUA Chairman Rick Metsger believes the upcoming CFPB payday lending rule represents a critical juncture for CUs’ small-dollar loan products.
Fresh Today
WASHINGTON—NAFCU is asking the CFPB to withdraw its payday lending proposal.
WASHINGTON–Attorneys general from seven states and the District of Columbia are calling on the Consumer Financial Protection Bureau to tighten rules on payday lenders, saying they believe the CFPB’s proposal doesn’t go far enough.
WASHINGTON–The Small Business Administration’s Office of Advocacy has sent a comment letter to the CFPB saying the agency has underestimated the effect its proposed rule on small-dollar loans will have on credit unions.
WASHINGTON—CU lending continued its strong growth in August, according to CUNA’s Monthly Credit Union Estimates.
WASHINGTON–Mortgage rates remain at near record lows. According to the latest averages reported by Freddie Mac.
HONOLULU–The $2-million Oahu Railway and Land FCU (ORAL FCU) has merged into the $580-million Hawaiian Tel FCU.
MAPLE GROVE, Minn.—Today has been officially declared ‘Plus It Forward Day’ by this state’s governor.
SALT LAKE CITY–More than 300 credit unions across the country “went casual for kids” during this year’s Miracle Jeans Day event to raise funds for Children's Miracle Network Hospitals nationwide.
GLENOLDEN, Penn.–From the truth is stranger than fiction department: A Pennsylvania woman who received hundreds of extra dollars after a Wells Fargo ATM spit the cash out by mistake has returned the money.