Links in “Credit Unions”
- House Votes to Tie Student Loan Rates to Treasury Notes
Government-guaranteed student loan borrowers could be subject to rates tied to the 10-year Treasury note with annual rate adjustments under a bill passed by the House. [5/24]
- Add This to Your FL Knowledge Base
Experian study provides performance analysis on mortgage debt by gender. [5/23]
- Successes and Barriers to E-Signature Adoption
Some institutions are realizing huge time and cost savings, but barriers remain. [5/23]
- Three Big Consent Orders Provide CUs Valuable Lessons Against Deceptive Practices
What CUs can learn from three enforcement actions that required refunds of $425 million to 5.75 million consumers and assessed penalties of $101.5 million. [5/23]
- CFPB Goes Hollywood
CFPB launches 7 videos on YouTube, ranging from a couple of minutes to over an hour in length, providing a plain language overview of the new mortgage rules. [5/22]
- 5 Schemes Cyber Criminals Use to Complete Fraudulent Wire Transfers
Principles for detecting wire transfer fraud when no two attacks are the same. [5/21]
- Most CUs Completely Defenseless Against DDoS Attacks
Would struggle against a disgruntled employee or member, be no match against attackers who have taken down the likes of Chase, PNC and Patelco; what CUs should be doing now. [5/21]
- Call for Opposition to CU Business Lending Legislation
Bill would give "tax-subsidized credit union industry" a "government-funded competitive advantage over taxpaying community banks," according to ICBA. [5/20]
- CFPB Clarifies Escrow Rule Definitions of “Rural” and “Underserved”
Efforts to clarify rules on borrowersâ ability to repay higher-priced mortgages for higher-priced loans continues. [5/20]
- Consumer Group Targets 9 CUs Offering Payday Loans
NCLC lists nine CUs, ranging in size from $5.9 million to $3.3 billion in assets, in five states. [5/17]
