BIRMINGHAM, Ala.—Consumers who have had the same cell phone number for a long time may soon find lenders looking on that favorably when they apply for a loan.
Fresh Today
ARLINGTON, Va.—NAFCU President and CEO Dan Berger has sent a letter to Congress supporting the idea of giving regulators the power to exempt community financial institutions from existing and new regulations, a concept advanced by former Federal Deposit Insurance Corporation Chairman Sheila Bair.
DANA POINT, Calif.—The 10th annual California and Nevada Credit Unions for Kids Win Auction raised more than $1 million for 11 Children’s Miracle Network Hospitals in the two states.
WASHINGTON—The Federal Trade Commission has taken action against a payday loan company the agency alleges attempts to get borrowers already saddled with payday loans deeper in debt.
SALT LAKE CITY—The Utah Jazz and Mountain America Credit Union today announced The Sharing Place in Salt Lake City as this season’s fourth recipient of “Pass It Along,” a program featuring fan nomination opportunities that will award a total of $25,000 to five local charitable organizations.
TAMPA, Fla.–Dennis Holthaus, SVP and CFO with Achieva Credit Union, was named the 2015 CFO of the Year in the large non-profits category by The Tampa Bay Business Journal.
SEAFORD, Del.—Members of Sussex County FCU who use multiple CU services recently found an extra $100 in their checking account as a bonus for their loyalty.
WASHINGTON—The U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) today issued two independent reports that it said provide the first-ever comparative analysis and evaluation of the effectiveness of Community Development Financial Institutions (CDFIs) as compared to mainstream lenders.
WASHINGTON—FDIC-insured commercial banks and savings institutions reported 2014 full-year earnings of$152.7 billion. Total net income for 2014 was $1.7 billion (1.1%) less than the industry reported in 2013. This is the first decline in annual net income in five years, according to FDIC.
ARLINGTON, Va.—NAFCU is calling on NCUA to release more information and “greater detail” about what the “agency’s plans and initiatives to address perceived risks in the credit union system.”