Equifax data on auto lending sees increases in accounts, balances

New reports from Equifax on auto financing pointed to $41.3 billion in auto loans originated year-to-date. That denotes a 0.8 percent increase in accounts and a 2.8 percent increase in balances over this time last year. According to an article in Subprime Auto Finance News, “Analysts tabulated that 379,100 auto loans have been originated year-to-date […]

College tuition continues to rise

As the drive for higher education continues and college tuition is on the rise, college-bound students and graduates face the challenges of student loans. According to College Board, the average published tuition and fee price for full-time in-state students at public four-year colleges and universities is $10,230 in 2018-19, $250 (2.5 percent before adjusting for […]

CFPB seeks comments on Overdraft Rule

The CFPB announced recently it is conducting a review of the Overdraft Rule consistent with section 610 of the Regulatory Flexibility Act. As part of this review, the Bureau is seeking comment on the economic impact of the Overdraft Rule on small entities. This is an opportunity for credit unions to have their voices heard […]

Cyberspace Solarium Commission forms to assess, combat security threats

On May 8, Sen. Angus King (I-ME), a member of the Senate Intelligence Committee and Senate Armed Services Committee, and Rep. Mike Gallagher (R-WI), a member of the House Armed Services Committee, announced the formal launch of the Cyberspace Solarium Commission (CSC). The commission will work to develop a consensus on a strategic approach to […]

IAM Community Federal Credit Union will rebrand as Solutions First Credit Union in June

IAM Community Federal Credit Union will open its doors as Solutions First Credit Union on June 3. While the new name is expected to establish new opportunities for new membership growth, IAM Credit Union will recognize and reward original founding members with a special designation of Founding Member via a Founder’s Club. President and CEO […]