In the News
No Successor Named as Hood’s Term Comes to a Close
August 15, 2023 — As NCUA board member Rodney Hood’s term comes to a close this month, and with a Democrat expected to take his place, eyes turn to the...
FY2023 Monthly Financial Reports
July 2023 June 2023 May 2023 April 2023 March 2023 February 2023 January 2023
U.S. Authorities Release Joint Guidance on Voluntary Self-Disclosure of Potential Sanctions and Export Control Violations
Notice Also Stresses New BSA Whistleblower Provisions On July 26, the Department of Commerce, the Department of the Treasury, and the Department of Justice released a joint compliance notice (the “Compliance Notice”)...
Two Large Minnesota Credit Unions Announce Plan to Merge
Two well-known Minnesota credit unions are planning a merger that would make them the fourth-largest credit union in the state. Leaders of Spire Credit Union and Hiway Credit Union said...
Aug. 4: CFPB Updates This Week
CFPB Sues USASF Servicing for Illegally Disabling Vehicles and for Improper Double-Billing Practices AUG 02, 2023 — The Consumer Financial Protection Bureau (CFPB) filed a lawsuit in federal court against...
Consumers Charged Nearly $3 Billion in Fees Annually from Predatory Lenders According to Study
In a study released June 2023 by the Center for Responsible Lenders, analysts found that borrowers are charged nearly $3 billion annually for single-payment, payday installment, and car-title loans. Per the study’s...
Tech Tips for 2024 Strategic Planning
As fall approaches and budgeting season begins, we want to share the leading industry initiatives, including technology focus areas for 2024 roadmaps. What’s included in your strategic plan for 2024?...
July 28: CFPB Updates This Week
PUBLISHED JUL 27, 2023 Financial struggles in Puerto Rico bite deeper than the rest of the United States Our research shows that people in Puerto Rico have lower financial well-being compared...
NCUA Board Approves Final Member Expulsion Rule
Midsession Budget Reprograms Funds for Mission Critical Priorities July 20, 2023 – The National Credit Union Administration Board held its seventh open meeting of 2023 and approved a final rule on...
July 21: CFPB Updates This Week
PUBLISHED JUL 20, 2023 CFPB Report Shows Workers Face Risks from Employer-Driven Debt The Consumer Financial Protection Bureau (CFPB) published a report highlighting the risks employer-driven debt poses to workers....
CDFI Fund Impact Blog: Positioning the Capital Magnet Fund for Impact and Innovation
Since its inception in 2008, the Capital Magnet Fund (CMF) has awarded nearly $1.1 billion in funding to create and preserve affordable housing for Low-Income families and economically distressed communities....
July 14: CFPB Updates This Week
PUBLISHED JUL 13, 2023 State Partners and CFPB Sue Prehired For Illegal Student Lending Practices The Consumer Financial Protection Bureau (CFPB) joined with several state attorneys general and a state regulator...