Industry news

by: Chris Collver, Senior Regulatory and Legislative Analyst, CA/NV Credit Union Leagues
Some credit unions are wondering: What regulations does the Consumer Financial Protection Bureau intend to issue, and when will they be issued? While we have a fairly good idea what areas the CFPB intends to regulate, the timing of final regulations to be issued by the agency is still up in the air.

by: Karen Tanner-Smith, Director, OneMain Remarketing
Continuing the trend of the past few months, wholesale used vehicle prices at auction declined again in June.  According to the Manheim Market Index (adjusted for mix, model, and seasonality), average prices dropped 1.4% last month, the third consecutive monthly decline in auction prices.  Black Book reports that all 10 car segments have declined for 3 consecutive weeks while there have been 5 consecutive weeks of declines for the truck segments.