WASHINGTON—The credit union system has a shared commitment to advancing diversity and inclusion, CUNA told Congress, while simultaneously expressing worries a new proposal will require employment diversity data from all institutions regardless of size.
APPLE VALLEY, Minn.— The $5.6-billion Wings Financial CU intends to acquire $216-million Neighborhood National Bank, the CU announced.
WASHINGTON—The Federal Reserve has released updated hypothetical scenarios to use in 2020 stress test exercises. The scenarios are used by the NCUA for credit union stress tests, and there are some differences worth paying attention to, according to NAFCU Chief Economist and Vice President of Research Curt Long.
BOSTON—Credit card interest rates hit a 25-year high in 2019 as lenders increased their rates.
WASHINGTON—The Federal Reserve's fourth-quarter senior loan officer opinion survey revealed that banks entered the year expecting relatively stable loan demand and performance, despite some anxieties related to subprime consumer loans.
ARVADA, Colo.–Colorado Gov. Jared Polis and Rep. Ed Perlmutter (D-CO) were part of a press conference held at Partner Colorado Credit Union here where they were joined by CU executives and the Colorado Department of Regulatory Agencies (DORA), which has released a “roadmap” to provide clarity and guidance for state-chartered financial services providers that serve or seek to serve legal cannabis-related businesses.
WASHINGTON—New data from the CFPB has found that small business lending has increased following the Great Recession, but lenders in the median county made half the number of loans per business in 2017 as they had in 2004.
NEW YORK CITY–A City Council task force addressing the taxi-medallion loan crisis plans to recommend creating an app to make yellow cabs more competitive with Uber and Lyft, call for the introduction of flexible pricing, and for the rescue of medallion owners who can't meet their loan payments.
WASHINGTON––As expected, the Federal Reserve has opted to stand pat on rates.
OSCODA, Mich.–One credit union here is encouraging break-ups this Valentine’s Day season—but in this case, it’s with a bank.
