Are credit unions the hipster FI?

By on December 17, 2020

first_imgThe nation’s first credit union (CU) was founded in 1908 to serve mill workers in the Manchester, New Hampshire area. Today, more than a century later, that credit union is still operational and is now focused on serving a new type of member: millennials.The latest PYMNTS Credit Union Tracker™, powered by CO-OP Financial Services, features news on the latest regulation changes facing the credit union market, along with recent partnerships and innovations that are changing how credit unions conduct their lending practices.News from the credit union marketRecent rule changes and product innovations are promising to help the CU market better serve its members.Some big-name credit union service organizations (CUSOs) applauded the Trump administration’s recent move to roll back the Consumer Finance Protection Bureau (CFPB)’s arbitration rule that the groups said was unfair to credit unions. Both the Credit Union National Association (CUNA) and the National Association of Federally-Insured Credit Unions (NAFCU) said the now-repealed rule, which prevented FIs from using mandatory arbitration agreements in financial services contracts, put an unfair burden on the industry. continue reading » 18SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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