CUs Not Subject to Most of the Variables that Have Led to Bank Failures, Says New Report 03/27/2023 07:18 pm PLANO, Texas–As an industry, credit unions as a whole are not subject to most of the same variables that caused the recent problems with SVB, Signature Bank, First Republic or Credit Suisse, according to one economist.
The Dents, Scratches (And High Prices) of Used Cars Won’t be Repaired Anytime Soon 03/27/2023 09:21 pm NEW YORK–The root cause for ongoing inventory and pricing issues in the U.S. used vehicle market, which has been a barometer for the country's inflation levels, will not be letting up anytime soon, according to one new analysis.
Defense Council Hosts Third Annual Event with Hawaii Sub-Council 03/27/2023 07:18 pm HONOLULU–The Defense Credit Union Council (DCUC) held its third annual Hawaii Sub-council luncheon at the Pacific Club in Honolulu, Hawaii.
Hearing to Be Held on CU’s Request to Expand Field of Membership 03/27/2023 07:18 pm ALEXANDRIA, Va.–NCUA has scheduled a hearing on a request by Dade County FCU to expand northward to serve Broward County, Fla., as part of its field of membership.
Making CFPB Accountable to Small Business Act is Introduced 03/27/2023 07:18 pm WASHINGTON—Rep. Scott Fitzgerald (R-WI) has introduced the Making CFPB Accountable to Small Business Act, which would require the CFPB to “tailor its regulations “for small businesses undergoing Small Business Regulatory Enforcement Fairness Act (SBREFA) panel reviews.
FinCEN Issues More Guidance on Beneficial Ownership Information 03/27/2023 07:18 pm WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has issued guidance on its Beneficial Ownership Information (BOI) reporting rule, which is effective Jan. 1, 2024.
Under Plan, Ireland’s CUs Would Support Victims of Domestic Violence 03/27/2023 09:22 pm DUBLIN, Ireland–Ireland’s credit unions are to be used to identify and support victims of coercive control and domestic violence under proposals being drawn up by one government minister.
CU Rep to Testify Before House Today 03/27/2023 07:19 pm WASHINGTON—Members 1st Credit Union’s Michael Wilson will testify today before the House Small Business Subcommittee on the impact of the CFPB's proposed 1071 rule on credit unions and small businesses.
