WASHINGTON—Cryptocurrencies and other forms of digital payments will not fade away and may threaten credit union deposits, according to CUNA Senior Economist Ligia Vado, whose analysis was released as part of the latest CUNA Economic Update.
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NEW YORK– Inclusiv and New Venture Fund have announced a partnership they said is aimed at increasing racial equity and financial inclusion in low-income and communities of color.
NEW YORK–The Trepp CMBS delinquency rate posted a rare uptick in June 2022, according to the company.
WASHINGTON—NCUA has joined with the Federal Reserve, the NCUA, the Office of the Comptroller of Currency, the FDIC and the Financial Crimes Enforcement Network in issuing a joint statement restating their position that banks and credit unions must take a risk-based approach to assessing individual customer/member risk.
AUSTIN, Texas–University FCU has announced a $5 million scholarship endowment to benefit students at Austin Community College District (ACC) in a deal that gives UFCU naming rights to the college’s new event space being built on its ACC’s Highland Campus.
MINNEAPOLIS–While buy now, pay later (BNPL) solutions were introduced to help consumers spread out the costs of big purchases, economists and consumer advocates say they see “red flags” now and big “problems” ahead as cash-strapped consumers increasingly use BNPL for everyday purchases, including even their daily coffee.
WASHINGTON–The Consumer Financial Protection Bureau has issued a legal interpretation it said is designed to ensure companies that use and share credit reports and background reports have a permissible purpose under the Fair Credit Reporting Act.
‘MARLBOROUGH, Mass. — The Cooperative Credit Union Association (CCUA) has introduced a new source of funding it said is dedicated exclusively to helping its small credit unions improve services to their members.
FT. WALTON BEACH, Fla.–Eglin Federal Credit Union held a groundbreaking ceremony at its new Pace Branch location in a project that is being led by La Macchia Group.
MIDDLETOWN, Penn.–Vizo Financial Corporate Credit Union’s Ninth Annual Hot Dog Eating Contest is rapidly approaching.