Jan 17, 2020 | Banks & Credit Unions, Federal Regulation, News
CUNA Pushes For Commission-Led CFPB in Brief with Supreme Court As the U.S. Supreme Court prepares to hear a landmark case (Seila Law v. CFPB) determining whether the structure of the Consumer Financial Protection Bureau (CFPB) is permissible under the Constitution,...
Jan 8, 2020 | Banks & Credit Unions, News
The Consumer Financial Protection Bureau (CFPB) recently released a report examining the differences between large and small mortgage servicers and exploring the role that servicers of different sizes play in the mortgage market where size is defined by the number of...
Jan 6, 2020 | Banks & Credit Unions, News
According to a recent Bloomberg News report based on filings from companies and labor unions, banks around the world cut nearly 80,000 jobs in 2019, which some have suggested is a response to a slowing economy and financial firms’ continued adoption of digital...
Jan 3, 2020 | Banks & Credit Unions, FinTech, News
TransUnion researchers analyzed macroeconomic conditions and their impact on credit cards, personal and auto loans, and mortgages to predict that 2020 will be a good year for consumer credit, with low delinquencies and strong growth for most sectors. This prediction...
Dec 10, 2019 | Banks & Credit Unions, Federal Regulation, News
Last week, five federal agencies—including the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the...
Dec 3, 2019 | Banks & Credit Unions, FinTech, News
According to a survey by Promontory International Network, about 26 percent of community bankers consider big technology companies like Google and Amazon to be the main threat to their business. Tech giants rated more than double the 11 percent of community bankers...