ARLINGTON, Va.–It’s unlikely credit unions will see any of the kind of broad regulatory relief measures passed by the new Congress, and will instead have to focus on smaller, more targeted efforts, according to NAFCU’s Carrie Hunt.
WASHINGTON–The partial government shutdown and an early-week snowstorm have made for a slow agenda in Congress this week in terms of issues of importance to credit unions.
WASHINGTON – Congressman Patrick McHenry (R-NC), Republican leader of the House Financial Services Committee, sent letters to the eight Inspectors General (IG) of the agencies within the committee’s jurisdiction requesting an update on the agencies’ efforts to implement the IGs’ recommendations to reduce waste, fraud, and abuse.
HARRISBURG, Penn.–Pennsylvania State Employees Credit Union has named a new president. The $5.4-billion credit union has named George Rudolph to lead the organization effective in April, following the retirement of Greg Smith, who has served as PSECU’s President for the past 28 years.
WASHINGTON—Overall consumer prices decreased a seasonally adjusted 0.1% in December. A 7.5% drop in the gasoline index led the overall consumer price index (CPI) to dip below 2% for the first time since August 2017.
FORT WORTH, Texas–The $7-billion American Airlines FCU has named a new CEO.
SPRINGFIELD, Mo.–CU Community Credit Union has changed its name. The $116-million CU is now Mulitipli Credit Union.
PEORIA, Ill.–Four more credit unions have announced new extraordinary dividends and loan interest refunds to members, including a record $50 million from CEFCU.
WASHINGTON—The Financial Accounting Standards Board (FASB) will hold a public roundtable discussion on implementation issues related to the current expected credit loss (CECL) standard Jan. 28.
HOBOKEN, N.J.–A new analysis shows which student lenders received the most complaints from consumers to the CFPB.