WASHINGTON– The Consumer Financial Protection Bureau has issued a rule that finalizes certain aspects of its May 2019 Notice of Proposed Rulemaking under the Home Mortgage Disclosure Act (HMDA).
WASHINGTON—The Federal Open Market Committee's September meeting minutes offer new insights into the committee’s decision to cut rates by 25 basis points. In addition, the FOMC also addressed recent volatility in money markets, which led to the recent announcement of a planned expansion of the Federal Reserve’s balance sheet.
WASHINGTON—President Donald Trump has signed an executive order requiring federal regulatory agencies to seek comment on major federal guidance and better explain the guidance to the public.
SACRAMENTO, Calif.—California Governor Gavin Newsom has signed into law a bill authorizing local governments to charter public banks.
OKLAHOMA CITY, Okla.–Tinker Federal Credit Union has partnered with Amazon to bring Amazon Hub Lockers to seven metro branches.
GOLDEN, Colo.–On Tap Credit Union has introduced a new self-paced financial literacy resource for members called Tips on Tap.
LONDON—Are mobile payments finally making their long-awaited big breakthrough?
AUSTIN, Texas–A new study of consumers who would not consider opening a checking account with a community bank or credit union has found Gen Z (ages 18-23) and Millennials (ages 24-38) combined (31%) are twice as likely as their Gen X (ages 39-53) and Boomer (ages 54-74) (15%) counterparts to cite lagging technology as a barrier to banking locally.
WASHINGTON—Millennials are 25% more likely to report they have lost money to fraud than consumers aged 40 and over, according to a new Federal Trade Commission analysis of consumer complaint data.
FORT WASHINGTON, Penn.–TruMark Financial Credit Union is reporting it is rolling out a point-of-sale lending program through local merchants in the five-county Philadelphia market.