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How two CUs tackled branch modifications without alienating members

CU Journal - Wed, 12/06/2017 - 3:17pm
The key, experts say, is ensuring that staff makes members understand the reasoning behind the changes and making them feel like a part of the process.
Categories: Credit Union News

CULedger Appoints New CEO

CU Times - Wed, 12/06/2017 - 2:11pm
CULedger announces a new CEO who looks at blockchain and other digital efforts to guide credit unions forward with tech.
Categories: Credit Union News

FinCEN Launches Info Exchange With FIs

CU Times - Wed, 12/06/2017 - 1:00pm
A new information-exchange solution hops to share high-risk threats with the financial industry.
Categories: Credit Union News

The CFPB’s losing streak: A blow-by-blow

CU Journal - Wed, 12/06/2017 - 12:17pm
During the past two months, the agency has suffered a series of setbacks, from a rollback of its arbitration rule to a legal battle over its leadership. Here's what happened — and where the agency might lose next.
Categories: Credit Union News

1st United Credit Union reaches $1 billion in assets

CU Journal - Wed, 12/06/2017 - 12:17pm
The San Jose, Calif.-based credit union is also celebrating its 85th anniversary.
Categories: Credit Union News

Rise in Foreclosures Hits Heartland, Retirees

CU Times - Wed, 12/06/2017 - 11:33am
Here's a bad mix hitting some parts of the U.S.: A housing affordability crisis and underemployment.
Categories: Credit Union News

Mulvaney's plan to embed political staffers in CFPB sparks backlash

CU Journal - Wed, 12/06/2017 - 11:17am
Critics argue that the consumer bureau's independence is being undermined, and they worry that a precedent is being established that could hamper the autonomy of other U.S. financial regulators.
Categories: Credit Union News

CUs Brace for Aftershocks From PayPal Sister Company Data Breach

CU Times - Wed, 12/06/2017 - 10:29am
PayPal's newly acquired TIO Networks reveal 1.6 million accounts were compromised.
Categories: Credit Union News

The power of positive banking: A Day in the Life of Credit Unions 2017

CU Journal - Wed, 12/06/2017 - 8:16am
From helping members establish a plan to pay off delinquent loans to setting up relief centers for fire victims and more, here's a look at how credit unions help their members every day in a variety of ways.
Categories: Credit Union News

Reg relief for CUs one step closer as Senate committee moves bill forward

CU Journal - Tue, 12/05/2017 - 8:15pm
Credit union trade associations applaud as legislation moves forward with bipartisan support.
Categories: Credit Union News

GAO effectively scraps CFPB auto lending guidance

CU Journal - Tue, 12/05/2017 - 5:15pm
The Consumer Financial Protection Bureau’s 2013 guidance putting indirect auto lenders on the hook for unintentional discrimination by their partner dealers should have been subject to Congressional review, the Government Accountability Office said Tuesday.
Categories: Credit Union News

Credit Union Accuses Trump of 'Hostile Takeover’ of CFPB

CU Times - Tue, 12/05/2017 - 5:13pm
"President Trump has attempted an illegal hostile takeover of the CFPB," a credit union states in a lawsuit.
Categories: Credit Union News

Senate Banking Committee Approves ‘Modest’ Regulatory Overhaul Bill

CU Times - Tue, 12/05/2017 - 4:33pm
The Senate Banking Committee approves a bill supported by the credit union trade groups.
Categories: Credit Union News

Branch, staffing modifications save WSECU nearly $2M since 2013

CU Journal - Tue, 12/05/2017 - 2:15pm
Washington State Employees Credit Union has reduced staff by attrition by 16 percent since 2013, saving enough money to pay the costs of modernizing at least one branch.
Categories: Credit Union News

Hearing in CFPB leadership legal battle set for Dec. 22

CU Journal - Tue, 12/05/2017 - 2:15pm
A federal judge said Tuesday that he will hear motions Dec. 22 in a case that seeks a preliminary injunction against acting Consumer Financial Protection Bureau Director Mick Mulvaney and would instead install Deputy Director Leandra English as interim head of the agency.
Categories: Credit Union News

‘This is the final product’: Reg relief backers resist changes to bill

CU Journal - Tue, 12/05/2017 - 2:15pm
A bipartisan Senate alliance working on a bank regulatory relief bill appeared even stronger Tuesday as it worked to minimize changes in the interest of moving the legislative package to the Senate floor.
Categories: Credit Union News

Senate Democrats Press Trump for CFPB Nomination

CU Times - Tue, 12/05/2017 - 1:45pm
More than 40 Senate Democrats sign a letter urge the president to nominate a full-time CFPB director.
Categories: Credit Union News

Student Loans Raise Other Risks as Debt Equals U.S. Junk Market

CU Times - Tue, 12/05/2017 - 12:32pm
Student loan delinquency rates are higher than those for auto and home loans.
Categories: Credit Union News

UNCLE CU Brings WRG’s Symmetry eBanking Platform on Board

CU Times - Tue, 12/05/2017 - 12:17pm
UNCLE CU strikes deal to migrate its online banking services.
Categories: Credit Union News

Cyber, big bank resolutions among top stability risks, watchdog agency says

CU Journal - Tue, 12/05/2017 - 12:14pm
The Office of Financial Research warned that a cyberattack could "disrupt the operations of one or more financial companies and markets and spread through financial networks and operational connections to the entire system."
Categories: Credit Union News


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