A Decade Later, Feds Look to Roll Back Volcker Rule for Big Banks 05/31/2018 07:34 pm WASHINGTON–As the country marks one decade since the lowest points of the Great Recession, the nation’s biggest banks are getting a reprieve on a post-crisis rule that was aimed at stemming risky behavior.
NCUA Issues Notice of Funding Opportunity for LICU’s Through Revolving Loan Program 05/31/2018 07:35 pm ALEXANDRIA, Va.— NCUA has issued a notice of funding opportunity for low-income designated credit unions (LICUs) through the agency's Community Development Revolving Loan Fund (CDRLF) program.
Faring Better: Taxi Medallion-Lending CU Reports Profitable Quarter 05/20/2018 05:11 pm NEW YORK—Is Progressive CU beginning to turn around its problems with troubled taxi medallion loans?
Updated Corporate Resolution Costs Show $1.7 Billion Net Projected Loss 05/31/2018 07:35 pm ARLINGTON, Va.—NCUA has updated its corporate system resolution costs which now show a net projected loss to federally-insured credit unions (FICUs) of $1.7 billion.
New Allegations of Abusive Practices at Wells Fargo 05/20/2018 05:12 pm SAN FRANCISCO–New allegations of abusive practices by Wells Fargo have emerged, this time in its business banking services.
BCFP Working to Create a ‘Sandbox’ for Fintechs 05/31/2018 07:36 pm WASHINGTON—The Bureau of Consumer Financial Protection has announced that it is working with the Commodity Futures Trading Commission to develop a regulatory “sandbox” for fintech firms.
Lawsuit Filed Over Credit Union’s Overdraft Practices 05/20/2018 05:12 pm MADISON, Wis.–A lawsuit has been filed against Summit Credit Union here that alleges it has improperly charged overdraft fees on some members.
Language Slipped In Bill May Cause CU to Change Name 05/20/2018 05:13 pm DES MOINES, Iowa–Iowa’s largest credit union said it is considering a name change as the result of language that appears in legislation passed by the state’s legislature.
CU Direct Drive 18 Coverage: Best Practice Award Winners, Board Members Named 06/01/2018 11:38 am GRAPEVINE, Texas⎯ CU Direct has announced the winners of their 2018 Best Practice Awards, as well as the results of its board elections. Both results were revealed during the company’s Drive ’18 Lending Conference here.
Time Expires On Congress’ Plan to Roll Back BCFP Rules On Payday Loans 05/20/2018 05:13 pm WASHINGTON–Time has run out for passage of a Congressional Review Act resolution that would roll back Bureau of Consumer Financial Protection restrictions on payday lenders.
