Fresh Today

Fresh Today

WASHINGTON–Congressional candidates in races in which credit unions had been most involved all finished on top in yesterday’s primary races.

WASHINGTON – Rep. Jeb Hensarling’s (R-TX), the chairman of the House Financial Services Committee, has provided additional details on the alternative plan that he said he will put forward that would replace the Dodd-Frank Act and include regulatory relief.

NEW YORK–Any credit union that has ever made a loan is also familiar with the collections process. And while highly regulated CUs must comply with numerous laws related to collections, the same can’t be said for other collections companies, especially those that buy debt.

WASHINGTON—The Federal Financial Institutions Examination Council (FFIEC) Tuesday advised financial institutions, consistent with existing regulatory expectations, to actively manage the risks associated with interbank messaging and wholesale payment networks.