Proposed and potential rules from the NCUA, CFPB and others are front and center in credit union strategic planning.
Illinois League CEO Sean Hession breaks the group's silence regarding a credit card affiliate fined by the CFPB.
Rule would expand the definition of small creditor and increase loan origination limits.
Session comes as modifications are set to go into effect Aug. 1.
Firm reports income from fees credit card issuers charge for late payments, going over credit limits, is lowest since 2009.
The Supreme Court TILA disclosure ruling will not affect credit unions that already follow TILA best practices.
Wells Fargo and JPMorgan Chase receive order to pay $35.7M in penalties for illegal mortgage kickbacks.
Lower overdraft fees and expanded opt-in are possible provisions of a new overdraft rule, expected from the CFPB mid-year.
The $1M Faith Based FCU makes national headlines for providing a member with payday loan relief.
Texas Congressman says CFPB should choose a less costly alternative such as selling the building to the highest bidder.