During the last five years, credit unions have seen overall loan growth averaging 4%, while vehicle portfolios have more than doubled that amount. Vehicle balances now make up 38% of credit union loan portfolios resulting in a more than $100 billion...
CFPB unveiled a proposed rule on debt collection yesterday at the Consumer Financial Protection Bureau (CFPB) field hearing in Sacramento, CA. The 117-page proposal, released a day early, impacts collection agencies, debt buyers, collection law...
Alabama Gov. Robert Bentley announced Wednesday that he will be calling a Special Session of the Alabama Legislature to consider a proposal for a lottery in order to fund state government. Many have speculated that a special session would be called...
The Consumer Financial Protection Bureau (CFPB) has extended the comment deadline for its payday and small-dollar loan proposal to Oct. 14. CUNA has also moved back its deadline for accepting comments from credit union stakeholders; comments can now...
New studies offer insight into traditional bill pay vs. picture bill pay across devices and consumer behavior. The data released by Malauzai Software, as part of its monthly Monkey Insights, highlights key trends in internet and mobile banking usage...
Home sales have dropped every month so far in 2016, but real estate agents say the market was bound to slow slightly after record-setting numbers in 2014 and 2015. Single-family sales in June, which reflect contracts signed one to two months...
Yesterday, following a vote of 2-0, the NCUA board approved its 2017-2021 strategic plan and in doing so highlighted its commitment to reducing the regulatory burden on CUs and possibly extending the exam cycle for well-run CUs. The new plan...
Alabama Gov. Robert Bentley recently told The Montgomery Advertiser he would call a special session in late summer or fall to focus on the General Fund. An official announcement is pending, and the session is expected to address problems with...
You’ve got to give it to them. Hackers come up with some ingenious, albeit Machiavellian, plans to rob consumers of their private data. The latest method of capturing ill-gotten information to sell or utilize in fraudulent activities involves using...
An overwhelming, bipartisan majority of 70 U.S. senators have added their voices calling on the Consumer Financial Protection Bureau (CFPB) to tailor rulemakings to protect credit unions from regulatory burden. The combined advocacy efforts of CUNA...