WASHINGTON–While credit unions are hailing regulatory relief provisions in S 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, numerous consumer groups and others are blasting it as a gift to Wall Street that wipes away the consumer protections and other safeguards put in place following the deep recession of a decade ago.
THE news
WASHINGTON–Credit union members could be paying more for new homes as the result of President Trump’s proposed tariffs on steel and aluminum.
AUSTIN, Texas–Twenty-five percent of log-ins on one credit union’s Internet banking solution came from bots, not consumers, according to a new analysis into “scrapegators,” also known as “aggregators,” which are companies that scrape Internet banking to feed data to other fintech applications.
WASHINGTON—Federal banking officials have agreed to consider revising money-laundering regulations that a new report blames for a rash of bank closures along the Mexican border in recent years.
WASHINGTON—Federal Reserve Chairman Jerome Powell indicated a positive economic outlook when delivering testimony this week before the House Financial Services Committee.
WASHINGTON—Financial institutions—particularly credit unions—can expect the CFPB to be doing “a lot of math” under the new leadership, according acting director Mick Mulvaney.
WASHINGTON–Four people with diverse stories and backgrounds were honored here for sharing one thing in common: their contributions to the credit union community.
DELRAY BEACH, Fla. – In the wake of the shooting at Majory Stoneman Douglas High School in Parkland, Fla., that left 17 students dead, IBM Southeast Employees Credit Union said it has made an anonymous donation to the Stoneman Douglas Victims’ Fund.
WASHINGTON–Why is the nation’s banking industry suddenly calling for a congressional review–including a public hearing–of the credit union tax exemption just as thousands of credit union representatives are headed to town?
BOISE, Idaho–Bankers joined with credit unions and a U.S. senator here in support of a piece of regulatory relief legislation.