The CFPB Thursday highlighted that federal anti-discrimination law requires companies to explain to applicants the specific reasons for denying an application for credit or taking other adverse actions, even if the creditor is relying on [...]
Change is inevitable. Big or small, change happens every day. As leaders, it’s our duty to make sure that those in our organization are fully prepared for changes that occur, and how to best [...]
NAFCU has announced the results of its 2022 Board of Directors election. New board member Eli Vazquez, President and CEO of Bank-Fund Staff FCU (Washington D.C.), will serve an At-Large seat for a two-year [...]
New home sales fell 16.6 percent in April to 591,000 annualized units, while March saw a downward revision of 54,000 units. Compared to last year, April sales were 26.9 percent lower. [...]
The Federal Reserve Monday released the results of its annual Survey of Household Economics and Decision-making (SHED) survey on household financial well-being. According to the survey, 78 percent of adults were either doing okay or [...]
The Federal Reserve Board Thursday finalized amendments to Regulation J, specifying the terms and conditions under which Reserve Banks will process fund transfers through the FedNow Service. The final rule provides a “comprehensive set of [...]
Two weeks ago, the Consumer Financial Protection Bureau (CFPB or bureau) issued an advisory opinion to clarify the Equal Credit Opportunity Act (ECOA) and its implementing regulation (Regulation B) prohibit discrimination against members during the [...]
The National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement following Russia’s attacks against Ukraine: “Russia’s invasion of Ukraine is not only an attack on innocent [...]
The National Association of Federally-Insured Credit Unions (NAFCU) today launched a national digital advertising campaign educating Americans on how they can limit the influence that Big Wall Street banks have over their finances and the [...]
The National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist and Vice President of Research Curt Long issued the following statement after the Bureau of Labor Statistics released the September Jobs Report: “Payroll gains disappointed [...]
The National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist and Vice President of Research Curt Long issued the following statement after the release of the latest NAFCU CU Industry Trends report: “There are a [...]
The National Association of Federally-Insured Credit Unions announced today the hiring of Gregory Mesack as Senior Vice President, Government Affairs. He brings over two decades of experience in financial services policy advocacy. “I’m thrilled [...]
The National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist and Vice President of Research Curt Long issued the following statement after the Bureau of Labor Statistics released retail data for August: “Retail sales rose [...]
A new study released today examines the economic benefits of the credit union tax exemption to consumers, businesses, and the U.S. economy. The study, commissioned by the National Association of Federally-Insured Credit Unions, found [...]
