The CFPB yesterday finalized its rule on short-term, small-dollar lending. The regulation is aimed at payday loans, auto title loans, deposit advance products and longer-term loans with balloon payments.
October is National Cyber Security Awareness Month, and NCUA has a variety of resources to help credit unions and their members guard against cyberattacks.
The NCUA board of directors yesterday approved folding the Temporary Corporate Credit Union Stabilization Fund in to the Share Insurance Fund, and raising the normal operating level to 1.39 percent.
The CFPB yesterday released the results of a national survey on the financial well-being of U.S. consumers, which found more than 40 percent of U.S. adults struggle to make ends meet. Educational attainment, income, and employment status all appear to have a strong relationship with financial well-being. Additionally, the survey showed that financial well-being is higher for older adults.
NCUA has released the agenda for the agency’s upcoming board meeting. During the meeting, which is scheduled for Thursday, Sept. 28, the board is expected to consider closing the Corporate Stabilization Fund and raising the normal operating level.