LAS VEGAS–One the final day of the meeting, attendees at the Money 2020 Conference here were told there is a “big shift” taking place in the B2B space, given an update on what the “creator economy” is seeking, heard from one regulator on how it sees its role, and were told that payments can be a great tool for improving inclusion.
Fresh Today
WASHINGTON–In follow up to its announcement earlier this week that it will be facilitating rules to provide for personal financial data rights for Americans, paving the way for open banking and open finance, the CFPB has now outlined options it said are designed to strengthen consumers’ access to and control over their financial data.
SAN FRANCISCO–Noting that one of the biggest obstacles to switching financial institutions is the “overwhelming hassle” of moving accounts, SF Fire Credit Union is encouraging Bay Area residents to open up their financial relationships by exploring a credit union membership in addition to their main bank.
ARLINGTON, Va.—New home sales fell 10.9% in September to 603,000 annualized units. Sales in August were revised down 8,000 units. Compared to last year, September sales were down 17.6%, according to new federal data.
OAK RIDGE, Tenn.–ORNL Federal Credit Union has approved a $5-million special dividend, the fifth consecutive year a special dividend has been issued by the CU.
COLUMBUS, Ohio–Credit unions in Ohio and Michigan have named new leadership.
EUGENE, Ore.–Oregon Community Credit Union reported it is now providing members access to direct deposit funds sooner.
WASHINGTON—Nominations are now being accepted for eight open director positions on CUNA’s board of directors.
LANSING, Mich.–Credit unions across Michigan took part in CU Kind Day, an annual tradition designed to showcase the credit union difference through donations and volunteering.
SAINT PAUL, Minn. – More than 70 participants from three states have been selected to participate in this year’s Tristate Mentor Match, a 12-month formal mentorship program developed in partnership by the Minnesota Credit Union Network, Montana’s Credit Unions and the Wisconsin Credit Union League. The program is designed to build, grow, and support professionals and inspire commitment to a career in the credit union movement, according to the Minnesota CU Network (MnCUN).