LONDON—EY has launched a London-based incubator for fintech startups, with the firm reportedly set to direct millions of pounds into the sector in 2023.
Fresh Today
DETROIT–With credit unions continuing to post record loan numbers, and with CUs cumulatively the largest auto lender in the U.S., U.S. auto sales are projected to total 13.7 million vehicles in 2022, the lowest figure in more than a decade and an 8% decrease from 2021, according to a joint forecast by J.D. Power and LMC Automotive.
DECATUR, Ill.–Land of Lincoln Credit Union said it is seeking to acquire Colchester State Bank in Colchester, Ill., approximately 125 miles northwest of its main office.
WASHINGTON– Three banking regulators have issued a joint statement on the risks of crypto assets on banking organizations.
WASHINGTON–Minutes released from the Federal Reserve’s Open Market Committee meeting in mid-December show an acknowledgement that inflation appears to have begun easing, but not sufficiently enough to warrant an end to pushing rates up.
SUMTER, S.C.–SAFE FCU said it has paid out annual bonus dividends and interest rebates totaling more than $2.16 million—one of the highest givebacks in its history.
MANCHESTER, N.H.–Two credit unions have named new leadership.
WEST PALM BEACH, Fla.–John Deese, the long-time president and CEO of Guardians Credit Union, has retired after 44 years of service.
WASHINGTON— Concerns over a proposed rule that could add “unnecessary restrictions and raise home loan refinancing costs for veterans and credit unions” are being expressed in a letter to the Department of Veterans Affairs by NAFCU.
WASHINGTON—The Small Business Administration’s (SBA) proposed rule on its business lending programs includes a provision that fails to address the SBA’s personal or equity guarantee requirement within 7(a) lending programs, CUNA and other organizations wrote to the SBA.