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June

2
2023
Trends

Credit Union Loan Account Balances Rising; Fewer Members Making Payments Above Monthly Minimums

CHICAGO, June 01, 2023 (GLOBE NEWSWIRE) -- The newly released Q2 Credit Union Market Perspectives Report from TransUnion (NYSE: TRU) shows that stubbornly-high inflation continues to put pressure on the monthly budgets of consumers, credit union members among them. This has led to increasing reliance on credit cards and personal loans as borrowers seek ways to make ends meet.

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June

2
2023
Industry News

Agencies Request Comment on Quality Control Standards for Automated Valuation Models Proposed Rule

WASHINGTON, D.C. – Six federal regulatory agencies today requested public comment on a proposed rule designed to ensure the credibility and integrity of models used in real estate valuations

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June

2
2023
Industry News

House Education Subcommittee Examines Federal Student Loan Policies

The hearing was held as part of ongoing student loan discussions in D.C. and as the industry awaits a U.S. Supreme Court decision on two cases on student loan forgiveness.

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June

2
2023
Industry News

Dollar Bank Files Notice of Data Breach Impacting Standard Bank Customers

On May 31, 2023, Dollar Bank filed a notice of data breach with the Attorney General of Maine after learning that an unauthorized party was able to access confidential information belonging to Standard Bank customers before the two banks merged.

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June

2
2023
Industry News

Colorado Approves DIDMCA Opt-Out, Raising Concerns for Consumer Credit Access

Earlier this month, the Colorado legislature voted to approve HB23-1229, which would opt the State out of Section 521 of the Depository Institutions Deregulation and Monetary Control Act of 1980 (“DIDMCA”), a federal law enacted to create competitive equality between state-chartered banks and national banks.

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