Another Half-Dozen CU Mergers Proposed; Lack of Succession Planning Often Cited as 1 Problem 01/12/2022 07:39 pm UPPER DARBY, Penn.–A half-dozen more credit union mergers have been proposed, with nearly all involving smaller CUs and several citing a lack of succession planning as one big problem, according to forms filed with NCUA.
Congress Again Warned by NAFCU of Concerns Over SBA Getting into Direct Lending Biz 01/12/2022 07:36 pm WASHINGTON—Ahead of a congressional hearing, NAFCU has again outlined its concerns related to the Small Business Administration (SBA) getting into the direct lending business.
19 Banks Form Consortium To Tackle Risks Around Climate Change 01/12/2022 07:38 pm NEW YORK–In response to the increasing attention coming from regulators, 19 major U.S. banks have formed a consortium aimed at more comprehensively weighing the risks associated with climate change.
Consumer Price Increases Hit 40-Year High; Here’s How 1 CU Economist is Responding 01/12/2022 07:39 pm WASHINGTON– The Consumer Price Index, which despite its name excludes the sometimes-volatile categories of food and energy, climbed 5.5% in December compared with one a year earlier, the highest rate since 1991.
Members of Sumter City CU Vote in Favor of Merger into SAFE FCU 01/12/2022 07:38 pm SUMTER, S.C.– Members of Sumter City Credit Union have voted in favor of merging into SAFE Federal Credit Union.
2 Members of Congress Raise Concerns Over CFPB Proposal 01/12/2022 07:38 pm WASHINGTON—Sen. Tim Scott (R-SC) and Rep. William Timmons (R-SC) have sent a letter to CFPB Director Rohit Chopra expressing opposition to the Bureau's section 1071 proposed rule regarding data collection.
