adminCredit unions expanding into commercial lending have experienced varying degrees of success during the past several years. LEVERAGE, a wholly owned subsidiary of the League of Southeastern Credit Unions, has been developing programs to improve...
According to League sources, on Oct. 5, the Consumer Financial Protection Bureau released a final rule for prepaid accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z). The 1,700-page rule...
The U.S. Court of Appeals for the District of Columbia this morning overturned a $109 million fine against PHH Mortgage and called Consumer Financial Protection Bureau (CFPB) “unconstitutionally structured.” According to League sources...
Topics and concerns for your IT staff never seem to diminish. Recent reports have created a stir with news that hackers can potentially steal biometric data from ATM machines and then commercialize the sale of devices facilitating its capture. On...
The Department of Defense’s (DoD) July 2015 amendments to the Military Lending Act (MLA) took effect one week ago, and CUNA responded with a method to assist CUs navigating the complex process. The DoD’s Military Lending Act rule prohibits a...
Millennials are known for their love of convenience, and a new Ireland-based Facebook loan program, in progress with 16 credit unions, is being met with approval by the demographic. The loan product targets younger borrowers in their 20s and 30s...