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Credit Union National Association News Now Headlines
Updated: 15 min 56 sec ago

CUs aim to get members out of payday loan cycle, CFO says

6 hours 17 min ago
The credit union mission stood out during a Consumer Financial Protection Bureau hearing in Richmond, Va., Thursday, as panelists addressed various aspects of payday lending.2015-03-27T00:00:00-05:002015-03-27T09:26:37Z
Categories: Credit Union News

CFPB proposes to end payday lending 'debt trap'

6 hours 17 min ago
The Consumer Financial Protection Bureau released a plan Thursday aimed at eliminating payday lending "debt traps," and CUNA is evaluating it to determine if it accomplishes its goal without hindering credit unions' efforts to provide credit to their members.2015-03-27T00:00:00-05:002015-03-27T09:26:37Z
Categories: Credit Union News

Calif district court overturns anti-surcharging law

6 hours 17 min ago
The U.S. District Court for the Eastern District of California ruled Thursday that the state's anti-surcharging law is unconstitutional.2015-03-27T00:00:00-05:002015-03-27T09:26:37Z
Categories: Credit Union News

Reg relief package steps toward removing barriers: CUNA

6 hours 17 min ago
Nine regulatory relief bills supported by CUNA were approved by the House Financial Services Committee Thursday after a two-day markup of a series of bills.2015-03-27T00:00:00-05:002015-03-27T09:26:37Z
Categories: Credit Union News

62% worry about fin stability: CUNA Mutual study

6 hours 17 min ago
A large majority of the middle class worries about its financial stability on a daily basis, according to new research from CUNA Mutual Group.2015-03-27T00:00:00-05:002015-03-27T09:26:37Z
Categories: Credit Union News

Fed: Mobile banking, shopping popularity gains in 2014

6 hours 17 min ago
The rate at which consumers take advantage of mobile banking continues to climb, as 39% of adults with mobile phones and bank accounts reported using mobile banking in 2014, a 6% annual increase, according to a recent survey from the Federal Reserve.2015-03-27T00:00:00-05:002015-03-27T09:26:37Z
Categories: Credit Union News

Transportation Network Co legislation pending in 35 states

6 hours 17 min ago
Legislation regulating Transportation Network Company vehicles--covering services like Uber and Lyft and including insurance requirements--continues to be a hot topic in the states and among some credit unions.2015-03-27T00:00:00-05:002015-03-27T09:26:37Z
Categories: Credit Union News

Jobless claims duck under 300K for 3rd straight week

6 hours 17 min ago
Initial claims for unemployment fell by 9,000 to 282,000 for the week ending March 21, according to numbers released by the Department of Labor Thursday.2015-03-27T00:00:00-05:002015-03-27T09:26:37Z
Categories: Credit Union News

NEW: CFPB issues proposal to end payday lending 'debt traps'

10 hours 17 min ago
WASHINGTON (3/26/15 UPDATED 10:10 a.m. ET)--The Consumer Financial Protection Bureau released a plan overnight aimed at eliminating payday lending "debt traps" and CUNA is evaluating it to determine if it accomplishes its goal without hindering credit unions' efforts to provide credit to their members. The new consumer protections would apply to payday loans, vehicle title loans, deposit advance products and certain high-cost installment and open-end loans.2015-03-26T00:00:00-05:002015-03-27T05:26:12Z
Categories: Credit Union News

NEW: 9 CUNA-back relief bills approved by House Financial Services Committee

Thu, 03/26/2015 - 11:25am
WASHINGTON (3/26/15, UPDATED 11:11 a.m. ET)--Nine bills providing some regulatory relief for credit unions and supported by CUNA were approved by the House Financial Services Committee this morning after a two-day markup.2015-03-26T00:00:00-05:002015-03-26T16:24:59Z
Categories: Credit Union News

CUNA backs CU RBC2 comment efforts with new resource

Thu, 03/26/2015 - 4:24am
With 33 days left until the comment deadline for the risk-based capital proposal--often referred to as RBC2, CUNA is providing new resources in its effort to encourage credit unions to weigh in. Again.2015-03-26T00:00:00-05:002015-03-26T09:24:21Z
Categories: Credit Union News

CUNA-supported amendment added to data breach bill

Thu, 03/26/2015 - 4:24am
A data security bill passed the House Energy subcommittee on commerce, manufacturing and trade Wednesday, and it included a CUNA-supported technical correction amendment.2015-03-26T00:00:00-05:002015-03-26T09:24:21Z
Categories: Credit Union News

Text scam going to consumers from NCUA phone number

Thu, 03/26/2015 - 4:24am
More than 40 consumers around the country have received a scam phone text message purporting to use a National Credit Union Administration phone number, the agency announced Wednesday.2015-03-26T00:00:00-05:002015-03-26T09:24:21Z
Categories: Credit Union News

Pew report: Auto-title lending riskier for borrowers

Thu, 03/26/2015 - 4:24am
Car-title loans, where borrowers hand over the title to their vehicles as collateral to secure a cash advance, cause many of the same problems seen with payday loans, The Pew Charitable Trusts has found in a new report.2015-03-26T00:00:00-05:002015-03-26T09:24:21Z
Categories: Credit Union News

Tax services from CUs return value to communities

Thu, 03/26/2015 - 4:24am
Filing tax returns can be challenging and a little scary. Credit unions, with the Volunteer Income Tax Assistance program, step up to help consumers file their taxes properly and receive the tax credits they've earned.2015-03-26T00:00:00-05:002015-03-26T09:24:21Z
Categories: Credit Union News

HFSC to vote on reg relief package today

Thu, 03/26/2015 - 4:24am
CUNA continues to monitor the advancement of nine regulatory relief bills being considered by the U.S. House Financial Services Committee, which is expected to vote on a relief package today.2015-03-26T00:00:00-05:002015-03-26T09:24:21Z
Categories: Credit Union News

Consumers steadfast in trust of FIs keeping personal info secure

Wed, 03/25/2015 - 4:21am
Consumers trust credit unions and banks much more than brick-and-mortar retailers to keep personal information and data secure, according to a recent Gallup poll.2015-03-25T00:00:00-05:002015-03-25T09:21:35Z
Categories: Credit Union News

Jobs, small biz credit get boost with MBL cap lift: CUNA to senators

Wed, 03/25/2015 - 4:21am
Statutory limits on credit union member business lending restricts the growth of small business and the jobs it creates, CUNA told members of the U.S. Senate Banking subcommittee on securities, insurance and investment.2015-03-25T00:00:00-05:002015-03-25T09:21:35Z
Categories: Credit Union News

CU Hero: Spirit of survival for Miss league's Elliott

Wed, 03/25/2015 - 4:21am
As president/CEO of the Mississippi Credit Union Association, Charles Elliott witnessed credit unions struggle in the aftermath of Hurricane Katrina in 2005.2015-03-25T00:00:00-05:002015-03-25T09:21:35Z
Categories: Credit Union News

Donovan: Data bill 'interesting,' but more is needed

Wed, 03/25/2015 - 4:21am
CUNA Chief Advocacy Officer Ryan Donovan says the draft data breach bill under consideration by a House Energy and Commerce subcommittee yesterday and today is "pretty interesting."2015-03-25T00:00:00-05:002015-03-25T09:21:35Z
Categories: Credit Union News

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