NEW YORK–The online lender Kabbage, often hailed as among the fintechs credit unions need to be watching, has filed for bankruptcy.
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WASHINGTON—How technology can be better integrated into the home buying process was among the points raised by a NAFCU representative during a recent listening session on fintech and housing finance that was hosted by the Federal Housing Finance Agency (FHFA).
ALBUQUERQUE, N.M.–U.S. Eagle Credit Union has introduced a new CashBack debit card. The card follows the introduction earlier this year of its METAL credit card in June.
WASHINGTON–Six credit union associations representing nine states have wrapped up a month of Hill visits. The meetings took place in legislators’ offices and at Credit Union House as part of an effort organized in part by CUNA.
ST. LOUIS–A tight U.S. labor market has helped most vulnerable workers recover to pre-pandemic employment levels, and improving efficiencies in the job matching process can help them keep those gains, according to a new study released by the St. Louis Fed.
ALEXANDRIA, Va.–In a rare move, two West Virginia credit unions just 30 miles apart have been placed into conservatorship on the same day.
WASHINGTON–The labor market again showed strength in the newest data released by the federal government, adding 263,000 jobs during September, clearing the way for the Fed to again raise rates but also raising questions over whether doing so is the right thing to do, according to two credit union economists.
WASHINGTON—Unregulated cryptocurrencies could pose a risk to the U.S. financial system, according to a warning from the Treasury Department.
YORK—A new report is sharing concerns over the digital asset ecosystem becoming more interconnected with the traditional financial system. The report was released by the Federal Reserve Bank of New York.
MADISON, Wis.— CUES said it will celebrate its members and honor CUES Awards winners during the CUES Member Appreciation & Awards Event, which will be held virtually Oct. 20. The event is free and open to all CUES members.