CUs Hit Hard By Losses Related To Failed ITT Technical Agree to Pay $7M More 06/10/2019 07:50 pm INDIANAPOLIS–Seven credit unions that have already suffered more than $150 million in losses from loans made to students of the former ITT Technical College have now agreed to pay more than $7 million to bring the painful ordeal to a close.
Congress Back In Session; Here Are The Bills CUs Are Watching 06/10/2019 08:58 pm WASHINGTON–Both the House and Senate are back in session this week, and credit union attention will be on the markup of eight bills in the House as well as any signals related to the timetable for GSE reform.
What An FI Must Do When Most Consumers Are ‘Satisfied’ 06/10/2019 07:57 pm MAYNARD, Mass.—A new study reveals consumers are highly satisfied with their banking relationship and comfortable with their current primary provider, and offers some suggestions on what an FI needs to do.
It’s a Busy Week For CU Meetings As NAFCU, CUNA, LSCU All Hosting Major Events 06/16/2019 04:41 pm ORLANDO, Fla.–It’s a busy week for credit union meetings. CUNA, NAFCU and the League of Southeastern Credit Unions are all preparing to kick off their major summer meetings, with all taking place on the same dates and two of the events in the same city.
Major Players Expected To Join Facebook In Announcing Digital Coin This Week 06/16/2019 04:41 pm MENLO PARK, Calif.–Facebook is expected to announce this week it will back a new cryptocurrency, with more than a dozen companies, including Visa, Mastercard and PayPal, among the backers.
Morgan Stanley’s Business Conditions Index Falls 32 Points 06/16/2019 04:41 pm NEW YORK–Morgan Stanley's Business Conditions Index, which captures “turning points” in the economy, fell by 32 points in June, to a level of 13 from 45 in May.
Risk-Based Capital Rule On This Week’s NCUA Board Meeting Agenda 06/17/2019 09:30 am ALEXANDRIA, Va.—A proposed rule on risk-based lending is on the agenda for Thursday’s NCUA board meeting. The agency delayed the RBC rule by one year last fall.
PSECU Sponsoring CMN Families at Baseball Games 06/10/2019 09:18 pm HARRISBURG, Penn.–PSECU said it is continuing its annual baseball-centered sponsorship of the Children’s Miracle Network during the 2019 minor league baseball season.
CU Trade Groups Endorse CFPB Plan To Delay Payday Lending Rule 06/09/2019 04:33 pm WASHINGTON—The CFPB has issued a final rulemaking to delay the Aug. 19 compliance date of its payday-lending rule by 15 months to Nov. 19, 2020.
Educators CU Awards Scholarships 06/10/2019 09:30 am MT. PLEASANT, Wis.–Educators Credit Union has awarded 37 graduating high school seniors each with $2,000 scholarships.
