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June

22
2023
Industry News

NCUA Board Approves Proposal on MDI Preservation Program

ALEXANDRIA, Va. (June 22, 2023) – The National Credit Union Administration Board held its sixth open meeting of 2023 and approved a proposal about the agency’s minority depository institution preservation program and a notice and request for comment on the NCUA operating fee schedule methodology. The NCUA Board also was briefed on efforts to modernize the chartering process for federal credit unions.

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June

22
2023
Industry News

FTC Staff Files Comment on U.S. Department of Education’s Proposed Regulations to Protect Postsecondary Education Students

The staff of the Federal Trade Commission’s Bureau of Consumer Protection filed a comment today with the U.S. Department of Educationregarding the U.S. Department of Education’s proposed regulations to protect postsecondary students in the education marketplace.

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June

21
2023
Trends

Barr eyes reverse stress tests, quicker intervention

The Federal Reserve may hire behavioral scientists and experiment with reverse stress testing as part of a focused effort to tweak its bank supervision process throughout the rest of this year, Michael Barr, the central bank’s vice chair for supervision, said at an event Tuesday held by the New York Fed.

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June

21
2023
Industry News

Desert Financial Named a Forbes Best-In-State Credit Union

PHOENIX, June 20, 2023 /PRNewswire/ -- Forbes named Desert Financial Credit Union as a Best-In-State Credit Union in 2023 and the top credit union in Arizona for the fifth year in a row.

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June

21
2023
Industry News

FTC alleges Amazon enrolled people in Prime without consent and thwarted members’ attempts to cancel

In the latest action to challenge alleged digital dark patterns, the FTC has sued Amazon for enrolling people in its Prime program without the consumer’s consent. Once consumers were signed up, the complaint also charges that Amazon set up online obstacles that made it difficult for them to cancel their Prime subscription.

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