Fresh Today

WASHINGTON—Some of the nation’s largest banks are now working with the  U.S. Treasury Department by engaging in role play and sharing information they would have guarded closely in the past, as they seek to guard against the growing threat of cyber-attacks brought on by global tensions over the war in Ukraine.

WASHINGTON–Many homeowners are struggling with making monthly mortgage payments after exiting hardship forbearances resulting from COVID-19, according to a new report from the Consumer Financial Protection Bureau (CFPB) that cautions a wave of homeowners who need assistance is on its way.

MANCHESTER, U.K.–A program that offered interest-free loans through credit unions and other lenders in this country to 20,000 people is being expanded to reach as many as 500,000.

SAN FRANCISCO—Visa has rolled out Latin America’s first crypto cards using partner companies in Brazil and Argentina.

ARLINGTON, Va.—Credit union share growth is returning to a historically normal level, according to NAFCU’s latest CU Industry Trends report.

WATERLOO, Iowa – Veridian Credit Union said it is reducing overdraft fees and refunding future fees for returned items following changes to its overdraft policies.

NEW YORK–The top business priorities for the second half of 2022 have been released by Glia, which surveyed 1,902 executives and found, among other things, one-in-two credit unions said they plan to have a digital assistant in place by the end of this year.

ARLINGTON, Va.—Total vehicle sales rose from 12.7 million annualized units in May to 13 million annualized units in June, but monthly sales levels are still down 16% year-over-year, NAFCU reported.

WASHINGTON—The costs of any central bank digital currency (CBDC) will outweigh its benefits, NAFCU told the Commerce Department.

WASHINGTON—Comments on several items relevant to credit unions are due in the next several weeks, including the CFPB’s advance notice of proposed rulemaking (ANPR) on credit card late fees, CUNA noted.