ALEXANDRIA, Va.–Representatives of four credit union/regulator trade groups offered their feedback on NCUA’s proposed 2023-24 budgets during the agency’s budget briefing here, with all four, not surprisingly, calling for budget reductions.
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ALEXANDRIA, Va.–NCUA staff provided greater detail around what the agency is proposing with its 2023-2024 budgets, and then responded to questions from all three NCUA board members during the agency’s budget briefing here.
ALEXANDRIA, Va.–During its annual budget briefing related to its proposed 2023-2024 budget, members of the NCUA board, agency staff and representatives of credit union trade groups all shared their views (see related reporting) on the necessity for the proposed budget increase, questioned/defended the end to virtual exams, and debated other points.
NEW YORK–The combination of ongoing inflation and the Federal Reserve’s pledge to keep raising rates until it is able to bring inflation under control will drive the American economy into a 1990-style mild recession starting in the Spring of early 2023, according to Fitch Ratings.
ALEXANDRIA, Va.—The NCUA board will be hosting its 2023 budget briefing today.
ST. PETERSBURG, Fla.–Even though high inflation is affecting everything from energy prices to groceries, consumer purchasing activity during September showed continued resilience in both credit card and debit card volume, according to the October 2022 edition of the PSCU Payments Index.
WASHINGTON–The Federal Trade Commission is investigating whether Visa’s and Mastercard’s security tokens restrict debit-card routing competition on online payments, according to a new report.
EATONVILLE, Fla.–Unity of Eatonville FCU is celebrating its official opening this week. The credit union was officially granted its charter and share insurance fund coverage in December of 2021.
NAPERVILLE, Ill.–A record-breaking 78 Illinois credit unions and partners joined forces with the Illinois Credit Union League (ICUL) to participate this year in CU Kind Day, a state-wide initiative to spread kindness, according to the league.
WASHINGTON–More than four-dozen members of the Cornerstone Credit Union League met with CFPB Director Rohit Chopra, during which the discussion touched on auto loans, overdraft protection programs, rulemaking, and ways to engage with the Bureau.