DES MOINES, Iowa–Curql Collective, a CUSO that acts as a venture capital fund backed by credit unions, said that through its Curql Fund I it has made an investment Neural Payments, which offers “breakthrough peer-to-peer payments solutions.
Fresh Today
LAS VEGAS–The CFPB is planning to facilitate rules to provide for personal financial data rights for Americans, paving the way for open banking and open finance. The proposed rules, among other things, would obligate financial institutions to share consumer data upon consumer request.
ALEXANDRIA, Va.–With more than 30 credit unions having recently filed paperwork with NCUA announcing plans to merge, CUToday.info here provides part II in a three-part series examining mergers. It is an examination that again finds both wide disparities (what members are being told and who is paying out net worth) and commonalities (CUs using near identical disclosure language, citing inabilities to find new managers and board members, and lamentations that technology has gotten too expansive).
WASHINGTON – The National Consumer Law Center is describing a court decision that found the way the CFPB is structured is unconstitutional as being “outrageous.”
RANCHO CUCAMONGA, Calif.–Credit union credit and debit card portfolios were generally flat to declining month-over-month in September, Co-op Solutions is reporting. The CUSO also noted that the shift to credit spending is slowing.
NEW YORK–NYDIG, the company with which at least a half-dozen credit unions have partnered to offer crypto-services to their members, has laid off approximately one-third of its staff. The company said in a statement, however, that its balance sheet is the “strongest it has ever been.”
LAS VEGAS–Your credit union likely has data that indicates a member is in some type of trouble. Financial trouble, certainly, but what if it’s due to gambling? Or, perhaps they are involved as a victim of domestic violence. What is the credit union’s real responsibility? It’s a moral dilemma, agreed a panel of people with different perspectives who spoke to credit unions here and tried to offer some direction while sharing their experiences.
LAS VEGAS–The types of conversations many board members wait to have until the monthly meeting adjourns and everyone heads to their cars need to be brought back inside the boardroom, according to a panel discussion here that focused on what makes for boards best prepared for the next generation.
LAS VEGAS–There is significant discussion within credit unions about diversity, but what does that really mean, and how does a credit union get there?
WASHINGTON—What is needed to keep the U.S. housing market thriving over the next decade has been outlined in CUNA’s latest Economic Update.