The CFPB announced it will continue the publication of consumer complaints, data fields and narrative descriptions through its Consumer Complaint Database but will make several enhancements to the information available.
The House is expected to consider the CUNA-supported SAFE Banking Act (H.R. 1595) this week. The bill would provide protections for financial institutions that serve cannabis-based businesses in states where it is legal.
FinCEN announced the launch of its Global Investigations Division, which will investigate and target terrorist finance and money laundering threats and work more closely with foreign counterparts to coordinate actions against such threats.
The CUNA Board of Directors, led by Brett Martinez, president/CEO of Redwood CU, voted in favor of a resolution to clearly and prominently establish diversity, equity and inclusion as a cooperative principle of America’s credit unions.
CUNA Chief Economist Mike Schenk spoke with Money.com recently about what consumers should know when borrowing against their homes, specifically the ins and outs of a home equity line of credit and what homeowners should research.
The NCUA board will vote on the its final PAL II rule, as well as final rules on supervisory committee audits and federal credit bylaws Thursday. The meeting will take place at 10 a.m. (ET) and will be streamed online.
Credit unions consistently cite the CECL standard as one of, if not the, biggest compliance challenge they are facing, and FASB should search for any opportunities to provide relief to credit unions, CUNA wrote Wednesday.
Credit union supporter Greg Murphy (R) won a special election Tuesday to represent North Carolina’s 3rd Congressional District, filling the seat vacated by the passing of Rep. Walter Jones (R-N.C.) by taking 61.7% of the vote.
Kentucky businesses depend on small financial institutions like credit unions to secure the capital they need to grow and thrive, Jefferson Country FCU CEO Heather Walter wrote in the Louisville Courier-Journal this week.