WASHINGTON—NAFCU met with Federal Reserve Board Governor Michelle Bowman to share insights and trends credit unions have seen throughout 2022.
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MADISON, Wis.– Credit unions can measurably increase their employees’ financial well-being through initiatives as simple as a “prompting email,” according to a new report from the National Credit Union Foundation.
IRVINE, Calif.–Origence will host a webinar today titled “Driving Better Lending Performance Through Point of Sale.” The webinar will begin at 2 p.m. ET.
NEW YORK–The Federal Reserve Bank of New York and a group of major banks and Mastercard have joined in a test of the use of digital tokens representing digital dollars to improve how central bank money is settled between institutions.
BRUSSELS—Representatives from the European Network of Credit Unions (ENCU) and World Council of Credit Unions (WOCCU) are seeking support this week from the European Parliament, the European Commission and the Council of the European Union (EU) on limiting regulatory burdens on credit unions to help promote access to financial services for everyday Europeans, according to WOCCU.
ARLINGTON, Va.– Retails sales increased a seasonally adjusted 1.3% in October compared with September, the strongest growth since early 2022 and a sign the economy remains resilient, according to new data from the Commerce Department.
DUBLIN, Calif.—Patelco Credit Union said it is now offering the Schwab Intelligent Portfolios Platform to offer members an automated investing Robo Advisor tool.
WASHINGTON—The Federal Trade Commission is extending by six months the deadline for companies to comply with some of the changes the agency implemented to strengthen the data security safeguards financial institutions must put in place to protect their account holders’ personal information.
WASHINGTON–During testimony before the Senate, NCUA Chairman Todd Harper offered an update on the state of credit unions, repeated a call for two expanded authorities, heard NCUA both praised and criticized, and offered a one-word answer when a senator wanted assurances certain language would not appear again in the agency’s strategic plan.
WASHINGTON–A preview of how congressional oversight of financial institution regulators might change in the next Congress was apparent during a Senate Banking Committee hearing on Tuesday at which NCUA was both criticized and praised.