Fed continues cautious approach while awaiting economic developments

Federal Reserve Chair Janet Yellen spoke before the Senate Banking Committee yesterday, a twice yearly occurrence, saying the U.S. hiring slowdown warrants a cautious approach to raising interest rates, according to wire service Reuters. Key factors in whether those rates will change hinge on whether the U.S. economic recovery continues and might be influenced by […]

New bill would protect seniors from financial abuse

A CUNA-supported bill that would protect good-faith reporters of suspected elder financial abuse was approved last week by the House Financial Services Committee with a vote of 59-0. The Senior$afe Act of 2015 (H.R. 4538) was introduced by Reps. Kyrsten Sinema (D-Ariz.) and Bruce Poliquin (R-Maine). The bill would provide legal immunity for financial services […]

Newly ordered Alabama task force to examine concerns with predatory lending

Yesterday, Gov. Robert Bentley established a predatory lending prevention task force consisting of a minimum of 33 members. The Executive Order creating the Alabama Consumer Protection Task Force states that the Alabama Credit Union Association will have one appointment, the Alabama Credit Union Administration will have two appointments, and the legislature will tap appointees, as […]

Image Campaign impact reaches as far as Ireland

LSCU Cooperative Image Campaign recently released the latest ad in one of the most successful cooperative advertising campaigns ever presented by a League under its “Better Name for Banking” label. But the interesting news is the reach the comic videos have had, as evidenced by a video produced by a credit union in County Cork, […]