NAFCU Caucus Coverage: Rep Says CFPB Structure ‘Concerns Me’ 09/15/2021 07:41 pm WASHINGTON—Saying the CFPB’s current structure “concerns me,” Rep. Andy Barr (R-KY) told NAFCU’s Congressional Caucus the issue is top of mind for him.
Trade Group Economists See Some Good News in Latest CPI Numbers As… 09/15/2021 07:40 pm ARLINGTON, Va.—On a seasonally adjusted basis, overall consumer prices rose 0.3% in August, with the Bureau of Labor Statistics reporting the overall consumer price index (CPI) grew 5.2% over the 12-month period.
Values on Previously Owned Cars in Territory Not Previously Seen 09/15/2021 07:43 pm LAWRENCEVILLE, Ga.—Used car prices began climbing again in August after stabilizing in July.
Treasury, FHFA Suspend Portions of Preferred Stock Purchase Agreements 09/15/2021 07:46 pm WASHINGTON—The Treasury and Federal Housing Finance Agency (FHFA) have announced the suspension of several parts of the 2021 Preferred Stock Purchase Agreements (PSPAs).
TruMark Opens Relocated Branch 09/15/2021 08:04 pm FORT WASHINGTON, Penn. — TruMark Financial celebrated the move by its Horsham branch to a new location at 301 Horsham Road, Horsham, Penn., with a ribbon-cutting ceremony.
Millions of Renters, Especially Black & Hispanic, at Risk of Going Over Economic Cliff, Says New CFPB Report 09/19/2021 04:27 pm WASHINGTON– The Consumer Financial Protection Bureau has released a report that offers a warning millions of renters and their families may suffer previously avoided economic harms of the COVID-19 pandemic as federal and state relief programs end.
Latest PSCU Study Shows Ongoing Effects of Delta Variant Even as Members are Spending More 09/19/2021 04:27 pm ST. PETERSBURG, Fla.–A new payments analysis released by PSCU reveals the ongoing effects of the Delta variant and related economic uncertainty, even as its member CUs are seeing increased spending by members.
Mercy Investment Services Makes Investment in Inclusiv Racial Equity Fund 09/19/2021 04:26 pm NEW YORK–Inclusiv is reporting Mercy Investment Services, which is overseen by the Sisters of Mercy, has made an investment in the Inclusiv Racial Equity Investment Fund.
Trade Groups Push Back on Plan to Put SBA into Direct Competition With CUs on Loans 09/19/2021 04:28 pm WASHINGTON—Both credit union trade groups are pushing back on a proposal to give the Small Business Administration (SBA) direct lending authority in competition with CUs and other lenders.
45 CUs Are Among the 191 to Receive Grants from CDFI Fund 09/19/2021 04:27 pm WASHINGTON–Forty-five credit unions are among the 191 organizations that have been granted awards totaling $24.1 million from the Treasury Department’s Community Development Financial Institutions Fund. Nearly all of the awards are for $125,000.
