News

CFPB requests comments on HELOC

The CFPB is requesting comments on its proposed rule to temporarily increase the exemption threshold for data reporting under HMDA on HELOCs, open-ended lines of credit secured by property, from 100 to 500. While the increase in the threshold is welcome, it is only temporary, and the CFPB states that the additional costs to smaller intuitions is […]

House Votes to Rollback Arbitration Rule

In a party line vote, the U.S. House voted 231-190 yesterday to overturn an arbitration rule that would make it easier for consumers to join class-action lawsuits, a rule set forth recently by the Consumer Financial Protection Bureau. The CFPB’s rule, finalized earlier this month, bans financial service providers from using pre-dispute resolution agreements to […]

FL unemployment rate hits 10-year low

Florida’s prospects for prosperity are bright based on new labor reports indicating the state’s unemployment rate reached a 10-year low in June. Though the rate is now at 4.1 percent, down from 4.3 percent in May, wages still need to grow. The national unemployment rate for June stood at 4.4 percent, up from 4.3 percent. […]

LSCU joins Corporate One in awarding scholarships for NYIB

Corporate One Federal Credit Union, the League of Southeastern Credit Unions & Affiliates (LSCU), and the Mississippi Credit Union Association (MSCUA) have joined forces to award scholarships to three credit union professionals to attend the 2017 National Youth Involvement Board (NYIB) conference in Boston, MA, taking place July 24-27. This year’s award recipients are: Brian […]

CUs in AL, FL show positive trends in Q1

Member-owned credit unions in Alabama and Florida have continued to experience growth in the first quarter of 2017 as evidenced in Call Report data. First quarter numbers at a glance for Alabama: Average assets per credit union are $192.1 million, up from $185.2 million in Dec. 2016. Total assets growth rate for the first quarter […]

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