Initial claims for unemployment dropped by 34,000 to 262,000 during the week ending April 25, the lowest number of jobless claims since the turn of the century.
For alleged bank fraud and embezzlement, two individuals were banned by the National Credit Union Administration from participating in the affairs of federally insured financial institutions.
Credit unions stand ready to advance economic improvements for their members, CUNA President/CEO Jim Nussle told members of the U.S. House in a letter sent Wednesday.
Up-to-date information on cybersecurity and deterring cybercrime will be the topic of a just-announced webinar from the National Credit Union Administration, scheduled for May 20.
Although the Consumer Financial Protection Bureau is not expected to take up consumer protection policy issues associated with overdraft programs until later this year, the bureau has taken action against a large Alabama-based bank for violating federal rules prohibiting charging overdraft fees to consumers who have not opted in to overdraft protection programs.
As National Financial Literacy Month winds down, Credit Union 1 of Anchorage, Alaska, provides an example of how credit unions move beyond their memberships when it comes to serving their communities.
A bill that would reform federal examinations of financial institutions is a strong step forward ensuring fair exams are conducted by federal regulators, CUNA believes.
Consumers trust their financial institutions to safeguard their personal data far more than any other type of organization, according to a recent report from Accenture.