WASHINGTON—NCUA’s latest letter to credit unions outlines the agency’s supervisory approach to overdraft and non-sufficient funds (NSF) fee practices. Despite overdraft and NSF products being heavily regulated and demanded by credit union members, the letter claims overdraft and NSF fees can cause harm to consumers, America’s Credit Unions said.
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WASHINGTON—Consumer prices bumped up in November by the most in several months, the Bureau of Labor Statistics reported Wednesday.
WASHINGTON—Saying the CFPB is not a “dead fish,” the agency’s director, Rohit Chopra, stated Wednesday the Bureau will press forward with rulemaking, even as federal banking agencies have paused their major initiatives until after President-Elect Trump takes office.
AUSTELL, Ga.—NCUA has granted a federal charter and National Credit Union Share Insurance Fund coverage to Soul Community Federal Credit Union here.
WASHINGTON—Mortgage applications increased 5.4% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Dec. 6, 2024.
ARCADIA, Calif.—Two Southern California credit unions are planning to merge.
FORT WORTH, Texas—A federal judge here has rejected a request by the CFPB to lift an order that has blocked its new regulation capping credit card late fees at $8, Reuters reported.
NEW YORK—A new report reveals that many of the largest U.S. retailers, along with their bank partners, hiked interest rates on their store-branded cards to record highs in the months before the Federal Reserve began cutting rates, as the companies looked to pad profits during a stretch of sluggish sales.
MERRILLVILLE, Ind.— Nicole Smith has been selected to lead $200-million U S Federal Credit Union here, the CU announced.
WASHINGTON--The Defense Credit Union Council (DCUC) is urging the Senate Banking, Housing and Urban Affairs Committee to address "regulatory overreach" by the Consumer Financial Protection Bureau, which could harm military service members and their families.