CrossState Blog

May 1, 2023

CrossState Daily…05/01/2023

CrossState-backed CFPB Reform Passes House Financial Services Committee   The U.S. House Financial Services Committee (Committee) passed the credit union-supported CFPB Transparency and Accountability Reform Act (H.R. 2798) Wednesday. …

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Apr 28, 2023

Today’s Financial Fact

Credit unions stand for Financial Democracy. It’s something much bigger than ourselves and more powerful than money. The Cooperative Principles are the heart and soul of…

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Apr 28, 2023

CrossState Daily…04/28/2023

Learn to Navigate the Economy With AI-Automated Underwriting in CrossState Annual Convention Learning Lab  With high inflation and an uncertain economic climate, credit unions across…

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Apr 28, 2023

Merck Sharp & Dohme FCU Presents Awards to Five High School Seniors  

Chalfont, PA – Merck Sharp & Dohme FCU presented the Raymond O. Hoffman Memorial Awards to five high school seniors at its Annual Meeting on…

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Apr 28, 2023

Happy Arbor Day! Plant a Tree This Weekend to Celebrate 

Since 1972 the Arbor Day Foundation has planted trees to take on some of the biggest environmental challenges of our time. Things like climate change,…

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Apr 28, 2023

CFPB: Credit Reporting Companies Should Do More for Servicemembers re: Free Credit Reporting Monitoring Services 

If you are on active duty (including an activated reservist) or a member of the National Guard, the Consumer Financial Protection Bureau (CFPB) wants servicemembers…

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Apr 28, 2023

CFPB Issues Guidance to Protect Homeowners from Illegal Collection Tactics on Zombie Mortgages 

The Consumer Financial Protection Bureau (CFPB) issued guidance on debt collectors, covered by the Fair Debt Collection Practices Act, threatening to foreclose on homes with…

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Apr 28, 2023

Small Business Lending Collection and Reporting Requirements 

The CFPB has provided resources to help industry understand and comply with the small business lending rule, which implements section 1071 of the Dodd-Frank Act….

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Apr 28, 2023

Update to Interagency Policy Statement on Allowances for Credit Losses 

The NCUA has released a revised Interagency Policy Statement on Allowances for Credit Losses. The revision removes references to Troubled Debt Restructurings (TDRs). This policy…

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Apr 28, 2023

Political Roundup — April 28, 2023 

This week in politics, we entered full blown primary season. The Pennsylvania primary is mere weeks away with the New Jersey primary following on its…

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