Although they are barely in the first stages of recovery from destruction caused by Hurricane Harvey, leaders of the Cornerstone Credit Union League are already overwhelmed with the outpouring of support they have received from the credit union system.
ST. PAUL, Minn. (2/23/16)--One in four Americans are having difficulty paying for medications. Last year, total U.S. spending on prescription drugs by individuals, insurers, and governments jumped 13%--the largest increase since 2001. Certain demographics are feeling the crunch more than others (NextAvenue Feb. 1)
Consumer borrowing hit a record $2.74 trillion in September, rising $11.4 billion since August. While student loans and auto loans boosted borrowing, consumers cut back on credit card debt. But the economic downturn adds to debt among recent college grads.
Year-round, but especially during the holidays when things like national requests and special offers abound, think twice before you give out personal information. In the wrong hands it could lead to identity theft, and at the very least it will jam your mailbox with junk mail.
Consumer Financial Protection Bureau Director Richard Cordray will step down from the agency by the end of the month after serving since 2013. CUNA President/CEO Jim Nussle said CUNA looks forward to a new era at the bureau, one that takes credit unions’ structure and purpose into account during rulemakings.
Credit unions now have less than six months to come into compliance with FinCEN's Customer Due Diligence rule, effective May 11, 2018, which includes provisions on identifying the beneficial owners of legal entity accounts.