WASHINGTON–The Treasury Department is reporting it received a record applications for funding as part a single round of the CDFI Program and NACA Program.
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SAN FRANCISCO—Coinbase has removed transaction fees for its Coinbase Card in a move the company said will allow customers to more easily spend their cryptocurrencies.
MOUNTAIN VIEW, Calif.—Google is planning to replace its original Google Pay app with Google Wallet.
JACKSONVILLE, Fla.–Two-and-a-half weeks after its online and mobile banking solutions went offline and created a tsunami of uncertainty, member complaints and local media coverage, VyStar Credit Union continues to struggle with bringing the services online, but it has made some progress.
WASHINGTON—NAFCU is urging NCUA to eliminate a requirement that a federally-insured credit union’s internal written loan participation policies must establish a limit on the amount of aggregate loan participations that may be purchased by a single borrower, or group of associated borrowers, not to exceed 15% of the FICU’s net worth.
ROYAL OAK, Mich.–Two credit union CEOs have announced retirements, with a successor named at one of the CUs.
PORTLAND, Ore.–Providence FCU said it has expanded its field of membership to include all health care professionals, home care workers, and child care providers in California as it has become the new financial services partner for the San Diego-based union United Domestic Workers.
WASHINGTON—The Consumer Financial Protection Bureau (CFPB) has issued a statement confirming that federal anti-discrimination law requires companies to explain to applicants the specific reasons for denying an application for credit or taking other adverse actions, even if the creditor is relying on credit models using complex algorithms.
SPRINGFIELD, Ill.–Illinois Gov. J.B. Pritzker has signed into law HB 4462, which amends the Illinois Credit Union Act by authorizing new powers for credit unions of all asset sizes, providing regulatory relief to small credit unions, and clarifying existing provisions of the law governing credit union operations, according to the Illinois Credit Union League.