WASHINGTON–It may not be what credit unions wanted to hear, but one senator said there is no chance the Dodd-Frank Act will be repealed, and CUs would be better served by focusing on getting more relief for institutions below $10 billion in assets.
Fresh Today
WASHINGTON—The CFPB should enhance management controls over its Consumer Complaint Database, according to the Federal Reserve Office of the Inspector General.
NEW YORK–Consumer credit defaults showed small increases in numerous default rates in August, according to the latest data from Experian.
SYDNEY, Australia—U.S. CUs can look to Australia for possible answers to addressing the threat to loan portfolios from the new Silicon Valley lenders.
LAWRENCEVILLE, Ga.–Used vehicles depreciated at a slightly faster pace in August than they did in July, according to Black Book, which still sees no signs of the used car bubble bursting in 2015.
MADISON, Wis.–What should credit unions be doing right now in the mobile channel?
IRVINE, Calif.—A new report shows that 759,000 properties regained equity in the second quarter of 2015, bringing the total number of mortgaged residential properties with equity at the end of Q2 2015 to approximately 45.9 million, or 91% of all mortgaged properties.
SCOTTSDALE, Ariz.—Retailers may have a new reason to beef up their data security standards—consumer class-action lawsuits.
VIRGINIA BEACH, Va.—Brian Schools has been named president and CEO of Chartway FCU.
PADUCAH, Ky.—Debra C. Pyfrom, the former manager of the International Brotherhood of Electrical Workers Local 816 Federal Credit Union, has pleaded guilty in U.S. District Court to a single charge of bank fraud.