adminGeneration Xers have become gravely sandwiched between providing financial support for their elderly Baby Boomer (Boomers) parents and their adult children who aren’t fully independent yet. With limited retirement income options for Boomers to...
Yesterday, the CFPB released two items of interest to credit unions. Most importantly, the CFPB has decided to evaluate Overdraft Protection. That regulation, which caps the fees that a financial institution can impose on ODP programs, was written...
This week, the House will consider H.R. 2578, the National Flood Insurance Program Extension Act of 2019. This legislation would extend the authority of the flood insurance program from May 31 to Sept. 30. The House will also consider H.R. 5, the...
In a recent press release, the Bureau issued a proposed rule to amend Regulation F, 12 CFR part 1006, which implements the Fair Debt Collection Practices Act (FDCPA). The proposal would provide consumers with clear protections against harassment by...
Credit union organizations can now apply for a Biz Kid$ Business Plan Competition Grant from the National Credit Union Foundation (the Foundation) to help improve youth financial education through hands-on entrepreneurial experience. The Foundation...
Florida’s Chief Financial Officer Jimmy Patronis has placed Ron Rubin, Commissioner of the Office of Financial Regulation (OFR) on administrative leave pending an investigation after a female employee filed a sexual harassment claim. “Due to these...