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ROYAL OAK, Mich.–Two credit union CEOs have announced retirements, with a successor named at one of the CUs.

WASHINGTON—The Consumer Financial Protection Bureau (CFPB) has issued a statement confirming that federal anti-discrimination law requires companies to explain to applicants the specific reasons for denying an application for credit or taking other adverse actions, even if the creditor is relying on credit models using complex algorithms.

KYIV, Ukraine–Despite the Russian invasion of Ukraine, the World Council of Credit Unions is reporting its Credit for Agriculture for Producers’ (CAP) Project still “managed to make strides” during the second quarter of 2022.

WASHINGTON—NAFCU is urging NCUA to eliminate a requirement that a federally-insured credit union’s internal written loan participation policies must establish a limit on the amount of aggregate loan participations that may be purchased by a single borrower, or group of associated borrowers, not to exceed 15% of the FICU’s net worth.

PORTLAND, Ore.–Providence FCU said it has expanded its field of membership to include all health care professionals, home care workers, and child care providers in California as it has become the new financial services partner for the San Diego-based union United Domestic Workers.

MADISON, Wis.— CUES has announced that human resource leaders now have the opportunity to learn to take on and optimize data as part of the Human Resources Analytics Certificate Program, which it has developed in partnership with Cornell University.

SPRINGFIELD, Ill.–Illinois Gov. J.B. Pritzker has signed into law HB 4462, which amends the Illinois Credit Union Act by authorizing new powers for credit unions of all asset sizes, providing regulatory relief to small credit unions, and clarifying existing provisions of the law governing credit union operations, according to the Illinois Credit Union League.

WASHINGTON—CUNA, NAFCU and two other financial services trade groups have filed a Freedom of Information Act (FOIA) request with the Consumer Financial Protection Bureau seeking information on the Bureau’s implementation of Section 1071 of the Dodd-Frank Act.

TORONTO, Canada—Some “spit and polish,” strong new extended warranties, and automaker and dealer “creativity” should mean used values will remain elevated for some time, according to one analyst.

JACKSONVILLE, Fla.–Two-and-a-half weeks after its online and mobile banking solutions went offline and created a tsunami of  uncertainty, member complaints and local media coverage, VyStar Credit Union continues to struggle with bringing the services online, but it has made some progress.