The New York Credit Union Association is seeking feedback on NCUA’s proposed plan to allow credit unions to offer additional types of Payday Alternative Loans – The Point
Each month, the Association offers a variety of educational webinars designed specifically for New York credit union professionals and volunteers. A number of webinars are scheduled for July, and they kick off today – NYCUA
Reminder: The New York Credit Union Foundation is offering three separate training sessions this summer for individuals interested in teaching the National Endowment for Financial Education High School Financial Planning Program – The Point
CUNA intends to raise $100 million over the next three years to fund and sustain a research-driven national credit union awareness program – CUNA
The home ownership rate for young Americans will probably increase over the next decade to close to 60 percent from below 40 percent in 2016 as their incomes increase and they start families, according to Freddie Mac estimates – CU Times
Personal loans surged to a record this year and are the fastest-growing U.S. consumer-lending category, according to data from credit bureau TransUnion, with outstanding balances rising from about 18 percent in the first quarter to $120 billion – Bloomberg
New York City regulators are moving toward significantly raising wages for drivers for Uber and other ride-hailing apps – New York Times
The Real Time Payments network is ramping up participation in its speedy payments network and is expecting to have a large number of financial institutions using its rail by the end of 2019 – CUToday
A newly signed law in California imposes European-like restrictions on companies doing business in the state that buy and sell large amounts of personal information, signaling a significant shift toward giving consumers control over their data – New York’s State of Mind
