Stverak: Credit unions working with members during tough economy
The Federal Reserve’s actions will impact every sector of the economy as it tries to tamp down the impact of inflation, CUNA Deputy Chief Advocacy Officer for Federal Government ...
The latest from Lauren Culp
GDP declines for second straight quarter
The Commerce Department released its advanced estimate of economic activity Thursday, showing the U.S. economy, in terms of real Gross Domestic Product (GDP), contracted by 0.9 percent in ...
DOJ & CFPB follow up on promise for “vigorous” redlining enforcement with $24 million mortgage company settlement
Last fall the Justice Department (DOJ) promised it would “spare no resource” to ensure “vigorous” fair lending enforcement as part of its Combatting Redlining Initiative. Now a Delaware-based mortgage company ...
Elevating voices: a discussion about equity and inclusion in lending
I’d like to welcome you to the first of a series of conversations I will be having with real estate and real estate lending professionals regarding diversity, equity, ...
U.S. economy continues to shrink and many aren’t prepared for an economic downturn. Here’s what advisors are telling clients as recession fears grow
As the U.S. economy shrinks for a second straight quarter — one definition of a recession — many Americans aren’t prepared for an economic downturn. However, financial advisors say there’...
House committee approves controversial overdraft bill
The House Financial Services Committee on Thursday approved legislation that would limit the number of overdraft fees a credit union or bank may charge a consumer. Voting 27–22, the ...
HFSC advances CU board modernization; House passes NAFCU-backed bills
During its markup yesterday, the House Financial Services Committee passed by voice vote the NAFCU-backed H.R. 6889, the Credit Union Board Modernization Act, which would amend Federal Credit Union ...
House passes bill to review barriers to credit union, bank formation
The House on Tuesday passed legislation that would require banking agencies, including the National Credit Union Administration, to investigate the challenges facing groups that want to start a credit union ...