Big Divide: America’s Credit Unions Calls CFPB Proposal ‘War on America’s Families,’ While Consumer Groups Praise Plan 01/17/2024 07:09 pm WASHINGTON–Consumer groups wasted little time in responding positively to the new CFPB proposal related to overdrafts, while credit unions are strongly criticizing the plan.
More Than 125 People Turn Out for Arizona Credit Union Day at the Capitol 01/17/2024 07:06 pm PHOENIX–The GoWest Credit Union Association is reporting that more than 125 advocates from Arizona’s CUs came together for annual “Arizona Credit Union Day at the Capitol.”
Hoosier Newest Credit Unions Seeking to Combine? Two CUs in Indiana 01/17/2024 07:07 pm COLUMBUS, Ind.–Two Indiana credit unions have announced plans to merge and create a near $3-billion institution.
NCUA Issues Advisory on Liquidity Risk Management 01/17/2024 07:08 pm ALEXANDRIA, Va.–With liquidity tight at many CUs, NCUA has issued an advisory on liquidity risk management.
Following a Decrease, Lending at CUs Rebounded in November; Plus, Other Data Points from ACU’s Monthly Estimates Report 01/17/2024 07:07 pm WASHINGTON—Credit union loans outstanding increased 0.4% in November, compared to a 0.4% increase in October 2023 and a 1% increase in November 2022, according to the latest America’s Credit Unions’ Monthly Credit Union Estimates.
Tax Framework Agreement Announced; CUs Participating in ERTC Could be Effected 01/17/2024 07:07 pm WASHINGTON—Senate Finance Committee Chair Ron Wyden (D-OR) and House Ways and Means Committee Chairman Jason Smith (R-MO) have announced an agreement on tax framework legislation, the Tax Relief for American Families and Workers Act of 2024.
OTIS FCU Pays Bonus Dividend, Interest Refund of More than $500k to Members 01/17/2024 07:05 pm JAY, Maine— OTIS Federal Credit Union has paid a 7% bonus dividend and interest refund to members, representing a total of $566,112.94 given back to members for the year 2023.
Support Expressed for Bill That Seeks to Limit CFPB Authority Over Certain Insurance Activities 01/17/2024 07:07 pm WASHINGTON—Support for the Business of Insurance Regulatory reform Act—which seeks to limit the CFPB from expanding its authority under the Consumer Financial Portion Act—has been expressed in a new letter to Congress from America’s Credit Unions.
Another Round of Data Shows Americans Really Leaning on Credit Cards 01/17/2024 07:05 pm NEW YORK—Yet another round of data has found Americans are increasingly leaning on their credit cards, new data show.
