Here's How One CU Hill Advocate Views Recent Senate Hearings on Overdrafts, Interchange 05/09/2022 07:47 pm WASHINGTON–The recent Senate hearings on interchange fees and overdraft programs, respectively, yielded few surprises other than indicating attention to both issues will remain, according to one CU lobbyist.
ECOA Bars Lenders from Discriminating Against Borrowers Even After Loan is Made, Says CFPB 05/09/2022 07:46 pm WASHINGTON--The Consumer Financial Protection Bureau has published an advisory opinion to affirm that the Equal Credit Opportunity Act (ECOA) bars lenders from discriminating against customers after they have received a loan, not just during the application process.
Members More Likely to Say CU has Improved Financial Wellness Than Customers of Other FIs, CUNA Research Finds 05/09/2022 07:47 pm WASHINGTON–Credit union members across the country are more likely to say that credit unions improve their financial well-being compared to customers of other financial institutions, according to a new white paper researched and released by CUNA.
For Second Consecutive Month, Used Car Values See Decline 05/09/2022 07:47 pm LAWRENCEVILLE, Ga.—Used car values have now dropped for two consecutive months.
Could it Possibly Become More Difficult to Get Legislation Through This Congress? As It Turns Out, Yes 05/09/2022 07:47 pm WASHINGTON–While it may not seem possible, the environment for getting any additional legislation through the current Congress has only become more difficult.
Levo CU Selects Scienaptic AI for Credit Decision Platform 05/09/2022 07:45 pm SIOUX FALLS, S.D.–Levo Credit Union has selected the AI-powered credit decision platform from Scienaptic AI.
CUSO Created to Offer Sale/Leasebacks to CUs 05/09/2022 08:04 pm LAKE BUENA VISTA, Calif.–Credit unions were given their first formal introduction to what is being called a “third way” to build capital via a new CUSO that does sale/leaseback deals on CU offices and buildings.
CUs Backing Candidates in 2 Primaries Today; CULAC Announces ‘Six Figure’ Expenditure in Senate Race; GA CUs Support Gov 05/09/2022 07:52 pm WASHINGTON–Credit unions are backing candidates in primary races in two states today, with the Credit Union Legislative Action Council (CULAC) announcing it has made a “six-figure” expenditure in support of one Senate candidate.
Rising Rates Demand NCUA Raise Permissible Interest Rate Ceiling, NAFCU Tells Agency 05/09/2022 07:51 pm ARLINGTON, Va.–NCUA should immediately raise the permissible interest rate ceiling to mitigate unnecessary interest rate risks facing federal credit unions, NAFCU told the agency in a letter.
It's Game Over for ‘The Credit Game,’ Says FTC 05/09/2022 09:45 pm WASHINGTON–At the request of the Federal Trade Commission, a federal court has temporarily halted a bogus credit repair scheme known as “The Credit Game” for promoting a “series of lies and deceptions.”
