The Filene Research Institute hopes a new set of products will improve the way credit unions and banks help low-income consumers manage their finances.
For the first time, NCUA will make money available to low-income credit unions applying for Community Development Financial Institution status from Treasury's CDFI Fund. The approval process can be lengthy.
Technology upgrades, CDFI certification and summer interns all eligible for funding.
Just more than 2,000 credit unions may be eligible for funding.
Former National Federation president's current agency job now posted.
Comment letters responding to an NCUA proposal to create a Dodd-Frank mandated Minority Depository Institution preservation program generally support the effort, but some question the costs and need to create a new program.
Initiative also includes $1.5 million deposit at participating credit unions.
Community Development Revolving Loan Fund grants announced by NCUA.
It’s official. Richard Cordray is the director of the CFPB.
The CFPB could be a great danger to credit unions, which it has already demonstrated with a number of regulations, including new mortgage rules.