WASHINGTON–A proposal being floated by Rep. Jeb Hensarling, who chairs the House Financial Services Committee, to replace much of Dodd-Frank will likely spark “lively discussion,” but not much legislative action is expected on the bill in the current Congress, according to CUNA.
WASHINGTON–A closer look by CUNA at the CFPB’s broad, proposed new rulemaking over short-term, small-dollar loans finds some impact to loans made under NCUA’s Payday Alternative Loan (PAL) program.
ARLINGTON, Va.—The anemic U.S. employment numbers reported for May, which were just 38,000 and were the smallest monthly gain since September 2010, makes an interest rate hike unlikely for June, according to NAFCU Chief Economist and Director of Research Curt Long.
WASHINGTON—The CFPB Monday filed suit against payment processor Intercept Corporation and two of its executives, Bryan Smith and Craig Dresser, for allegedly enabling unauthorized and other illegal withdrawals from consumer accounts by their clients.
ROCKY HILL, Conn.–Two former executives of Nutmeg State Financial Credit Union have filed suit against the CU alleging they were fired in retaliation for talking to regulators about what they claimed were improper accounting practices at the CU.
CLINTON, S.C.–The $1.9-billion Founders Federal Credit Union said it is absorbing via merger Clinton Federal Credit Union.
AUSTIN, Texas–The non-profit Amplify Austin and Amplify FCU are in a trademark dispute.
SCHAUMBURG, Ill.—As the average loan amount and monthly payment for new vehicles continue to trend upward, leasing also reached its highest level on record, a new report reveals.
SYDNEY, Australia–The ongoing low-rate environment, coupled with an influx of scam applications from overseas borrowers, has led to a wave of incentive offers in this country from lenders offering vouchers, gifts, trips and other items to native borrowers.
SEATTLE–A growing number of homebuyers are worried about competition, according to a new survey from Redfin of 975 homebuyers.
