Washington Wire – July 23, 2019

This week in Washington, several matters of interest to credit unions will be in hearings. Also, the House of Representatives may vote on a possible deal to raise the budget caps and the debt limit. In addition, the House has scheduled votes on H.R. 397, the Rehabilitation for Multiemployer Pensions Act; H.R. 2203, the Homeland […]

CU leader member survey deadline extended

The LSCU sent a member survey via email to our credit union leaders and has extended the deadline for response to Aug. 2 to give CEOs additional time to respond.  We realize your schedule is busy, but ask that you please take a few minutes to respond so that we know how best to serve […]

Director’s Institute course added to SDSCC roster

Credit union professionals will have an opportunity to take a Director’s Institute course at this year’s Southeast Directors & Supervisory Committee Conference in Miramar Beach, FL, Aug. 11-14. The course will cover Board/CEO Relations and will be instructed by Jason Cochran, senior director of governmental affairs at LSCU. The Director’s Institute will define the roles […]

CFPB finds one in four consumers facing collections

The Consumer Financial Protection Bureau released a report last week that found that more than one-in-four consumers with a credit report have at least one debt in collection by third-party debt collectors. “Market Snapshot: Third-Party Debt Collections Tradeline Reporting,” which covers 2004 to 2018, is drawn from the Bureau’s Consumer Credit Panel (CCP), a nationally representative […]

New report forecasts economic slowdown and more

U.S. economic growth developments were released on July 19 and include a forecasted slowdown in economic growth spurred by the waning effects of the tax cuts, uncertainty around trade policy, and slowing global growth and the expectation that the Federal Reserve will cut the fed funds rate in the near term. CUNA released the July […]