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The national credit union trade associations have joined with unlikely partners as co-signers on a letter that calls out the U.S. Department of Housing and Urban Development (HUD) over lending issues.
August 17 -
Congress and CU trade groups have questioned the CFPB on its interpretation of the Dodd-Frank Act's exemption authority, claiming the regulations have increased unnecessary burdens on credit unions and restricted services for consumers. The CFPB has fired back, stating the issue was addressed when Dodd-Frank was passed six years ago.
August 16 -
Industry trade groups react to call report modernization proposal and the CFPB posts a public comment request regarding TRID changes.
August 15 -
Las Vegas-based Silver State Schools Credit Union released its second quarter financial results for 2016. These results mark the credit unions 17th consecutive quarter of growth following the financial crisis and Great Recession.
August 11 -
Tucson, Ariz.-based Hughes FCU recently announced the 100,000 Thanks Sweepstakes to celebrate the credit union's 100,000th member.
August 9 -
TransUnion recently polled 96 credit union executives to rank the top areas of growth, focus and opportunity within the industry. Results focused heavily on millennials, auto loans, mortgages and credit cards.
August 9 -
The National Credit Union Administrations Office of Small Credit Union Initiatives (OSCUI) has released guidebook to assist credit unions meet the demand for digital services.
August 8 -
This week marks the end of the comment period regarding the NCUA's regulatory review process for 2016. Also due for comment this week are various information-collection procedures by regulators, as well as the Consumer Financial Protection Bureau's annual privacy notice rule.
August 8 -
Advantage Federal Credit Union has converted to a Michigan state charter to expand its community field of membership to serve additional areas in the state. The change comes with a new name Advantage One Credit Union.
August 8 -
Though some in the industry are focused on adapting to a changing marketplace; concerns related to technology, revenue streams, regulatory burdens and new memberships are on the minds of executives and board members.
August 5