WASHINGTON The Consumer Financial Protection Bureau said it has detected alleged racial discrimination in the auto loan market.
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Small credit unions have been disappearing. They face all of the same challenges as their larger brethren, plus some additional ones unique to their size. NCUA has created the Office of Small Credit Union Initiatives to help address some of these challenges in the hope of seeing these little pillars of the movement continue to survive and thrive well into the future. But will it be enough? Can small credit unions make it in today's world? What do they need to do to ensure a healthy, successful future for themselves?
As credit unions seek new ways to grow, several have recently purchased banks, and sources involved in some of these transactions say there are several more in the works. Is this a healthy way to grow, or will credit unions come to find there is a hidden price tag to these acquisitions? And will we start seeing more of the reverse happening, as well, with banks scooping up credit unions?