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Credit unions continue to see growth in auto lending

Abrigo

Overall auto lending at credit unions is up more than 30 percent in recent years, a positive sign that CUs remain competitive in an evolving banking landscape. Utilizing the Sageworks Bank Information platform, Sageworks recently examined how steadily auto lending at credit unions – specifically for new vehicles – grew in 2014.

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Risk of Derivatives – The Fall of an Index

South State Correspondent

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. We believe that our program offers an advantage against the national banks.

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FinTech Could Be Hurt By Fight Between OCC And States

PYMNTS

TechCrunch said the fight between states and the OCC centers on a proposal made by the OCC in December, in which it details a program that enables FinTechs to apply for charters to become special purpose national banks. In essence with the charter, the government could weed out the good FinTechs from the bad ones.

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CFPB announces advisory committee members

CFPB Monitor

Nikitra Bailey, EVP, Center for Responsible Lending (Durham, NC). Leigh Phillips, President and CEO, EARN DBA SaverLife (San Francisco, CA). Rebecca Steele, President/CEO, National Foundation for Credit Counseling (Washington, DC). Nadine Cohen, Managing Attorney, Greater Boston Legal Services (Boston, MA). Clarksdale, MS).

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CFPB announces new appointments to advisory groups

CFPB Monitor

According to the CFPB, the new members “include experts in consumer protection, financial services, community development, fair lending, civil rights, consumer financial products or services, representatives of community banks and credit unions, and scholars with relevant methodological and subject matter experience.”

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Lawmakers Urge CFPB To Ease Up On Small Banks

PYMNTS

Adam Schiff (D-CA) and Steve Stivers (R-OH) and included the signatures of 329 lawmakers. This letter was drafted by Reps. “Credit unions and community banks do not pose any systemic risk, yet the CFPB continues to issue rules that disproportionately hurt those community financial institutions,” Stivers said in a statement.

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The Top 20 Venture Capitalists

CB Insights

Operating Location: San Francisco, CA. Operating Location: San Francisco, CA. Operating Location: Menlo Park, CA. Operating Location: San Francisco, CA. Operating Location: Menlo Park, CA. Operating Location: San Francisco, CA. Current Firm: Benchmark. Current Firm: Sequoia Capital. BRIAN SINGERMAN.