News Now

March 27, 2015

Calif. district court overturns anti-surcharging law

Washington
The U.S. District Court for the Eastern District of California ruled Thursday that the state's anti-surcharging law is unconstitutional. ReadMore

CFPB proposes to end payday lending 'debt trap'

Washington
The Consumer Financial Protection Bureau released a plan Thursday aimed at eliminating payday lending "debt traps," and CUNA is evaluating it to determine if it accomplishes its goal without hindering credit unions' efforts to provide credit to their members. ReadMore

Reg. relief package steps toward removing barriers: CUNA

Washington
Nine regulatory relief bills supported by CUNA were approved by the House Financial Services Committee Thursday after a two-day markup of a series of bills. ReadMore

CUs aim to get members out of payday loan cycle, CFO says

Washington
The credit union mission stood out during a Consumer Financial Protection Bureau hearing in Richmond, Va., Thursday, as panelists addressed various aspects of payday lending. ReadMore

Transportation Network Co. legislation pending in 35 states

Washington
Legislation regulating Transportation Network Company vehicles--covering services like Uber and Lyft and including insurance requirements--continues to be a hot topic in the states and among some credit unions. ReadMore

Business Rates

Market

Get daily financial rates for the last five business days, including Treasury Yield Curve, Treasury Bills, Prime Rate, Federal Funds, Freddie Mac and Fannie Mae 30-day commitments, LIBOR, and 90-day Commercial Paper.

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Jobless claims duck under 300K for 3rd straight week

Market
Initial claims for unemployment fell by 9,000 to 282,000 for the week ending March 21, according to numbers released by the Department of Labor Thursday. ReadMore

Consumer Rates

Market

Daily rates from Informa Research Services for deposit, consumer loan, mortgage, credit card, and indirect auto loan products.

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CU System briefs (3/27/15)

CU System

MADISON, Wis. (3 27 15) A number of credit unions recently announced changes in their leadership. In Waterloo, Iowa, Monte Berg will become CEO of Veridian CU, effective May 26 .

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Cornerstone foundation on standby to assist Okla. tornado victims

CU System
Wednesday night's tornadoes and severe storms in Arkansas and Oklahoma were the first recorded in this year's tornado season. ReadMore

PCUA's iBelong campaign rolls out 'Fixing Your Finances'

CU System
As part of the Pennsylvania Credit Union Association's iBelong campaign, Central Pennsylvania credit unions are sponsoring a monthly segment on WPMT-TV's "Fox 43 Morning News." ReadMore

62% worry about fin. stability: CUNA Mutual study

CU System
A large majority of the middle class worries about its financial stability on a daily basis, according to new research from CUNA Mutual Group. ReadMore

Fed: Mobile banking, shopping popularity gains in 2014

CU System
The rate at which consumers take advantage of mobile banking continues to climb, as 39% of adults with mobile phones and bank accounts reported using mobile banking in 2014, a 6% annual increase, according to a recent survey from the Federal Reserve. ReadMore

Calif. media take note of state's CU success

CU System
Recent strong fourth-quarter lending data from the California Credit Union League grabbed headlines at a number of media outlets throughout the Golden State recently. ReadMore

Protect yourself against credit-rating agency errors

Consumer
After more than a decade of filing complaints about errors--and getting nowhere--consumers are about to get relief. Under a new agreement, credit rating agencies will be required to conduct independent reviews of complaints, correct the reports and change the way they treat medical debt (PBS News Hour March 9). ReadMore

CEB TowerGroup ranks Fiserv's LoanServ best in class

Products
A recent report from CEB TowerGroup tapped Fiserv Inc.'s LoanServ platform as best of class in three of four categories. ReadMore
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.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
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At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
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