News
Fed's Bowman Pushes Repeal Or Exemption For CECL At Community Banks
8+ hour, 26+ min ago (166+ words) CU Today Michelle Bowman WASHINGTON'Speaking during a Federal Reserve roundtable on the implementation of the Current Expected Credit Loss accounting standard Tuesday, Federal Reserve Vice Chair for Supervision Michelle Bowman said CECL "clearly did not improve safety and soundness" and…...
What CFPB's ECOA Final Rule Means For Credit Unions
6+ day, 18+ hour ago (111+ words) CU Today WASHINGTON--With the CFPBfinalizing and updatingthe Equal Credit Opportunity Act (ECOA) last month, America's Credit Unions has a new Final Rule Summaryavailable analyzing its impact on credit unions. The rule updates ECOA and its implementing regulation, Regulation B. Specifically,…...
Auto Credit Stress Is Spreading: New Data Shows Delinquencies Up In Almost Every State
1+ week, 1+ day ago (337+ words) CU Today MIAMI--Auto loan delinquency rose in every state but one between the third and fourth quarters of 2025, with some of the sharpest increases showing up in markets that still have relatively low overall delinquency rates, according to a…...
Leagues, America's Credit Unions Urge FTC To Rescind Guidance They Say Undermines Clarity In Lending Rules
1+ week, 4+ day ago (154+ words) WASHINGTON'Credit unions are urging the Federal Trade Commission to rescind a policy statement they say is creating confusion and potential harm for lenders. In a letter sent Thursday, the American Association of Credit Union Leagues'joined by all 31 leagues'and America's Credit…...
CFPB Finalizes Rollback Of Small-Business Lending Data Rule
1+ week, 5+ day ago (300+ words) WASHINGTON" The CFPB on Thursday finalized a rewrite of its small business lending data rule that strips out a Biden-era requirement for FIs to collect demographic information from borrowers, according to a Federal Register notice. Reuters reported the move replaces…...
Am Ex Anti-steering Case Shifts to Battle Over Nearly $13 M In Fees
2+ week, 7+ hour ago (334+ words) CU Today NEW YORK'Lawyers for consumers who won a proposed $17. 5-million settlement with American Express over its long-running "anti-steering" rules are now asking a federal judge in New York to approve nearly $13 million in attorney fees and litigation costs, according…...
DCUC Raises Credit Union Concerns On Capital Proposals Impacting Main Street Lending
2+ week, 1+ day ago (237+ words) WASHINGTON--Monday, the Defense Credit Union Councilwroteto leaders of the House Financial Services Committee ahead of the full committee hearing, "Prioritizing Main Street: Evaluating the Impact of Capital Proposals on Economic Growth and American Communities." In the letter, DCUC requested…...
Fastest-Growing Bank Loan Category Since 2008? Lending To Nonbanks, FDIC Says
2+ week, 4+ day ago (278+ words) CU Today WASHINGTON'Bank lending to private equity funds, private credit firms and other nondepository financial institutions climbed to $1. 4 trillion at year-end 2025, making it the fastest-growing loan category for banks since the 2008 financial crisis, according to the FDIC, which said the…...
New Research Finds CUs Can Cut Per-Claim Dispute Processing Costs By 90% And Save Over $800 K In One Year
2+ week, 5+ day ago (333+ words) MADISON, Wis. Filene Research Institute's innovation testing program, Fi Lab, has released findings from independent pilots of two financial technology solutions designed to address fraud, one of the most urgent and costly challenges facing U. S. credit unions. The results, drawn from…...
GSEs Take Next Step In Credit Score Overhaul With Vantage Score 4. 0
2+ week, 6+ day ago (390+ words) CU Today WASHINGTON" Fannie Mae and Freddie Mac said Wednesday they are beginning the next phase of the federal government's long-running credit score modernization effort, with both government-sponsored enterprises moving to accept mortgage loans evaluated using Vantage Score 4. 0 through limited…...