WASHINGTON–Credit unions have won one and lost one after a House committee marked up a number of bills, including one piece of legislation that had their strong backing and another—which would give NCUA oversight of third party vendors—that CUs have strongly opposed.
Fresh Today
WASHINGTON–Twenty-nine of the 31 candidates who received funding from the Credit Union Legislative Action Council and the respective state leagues won their races this week in the five states that held primaries, according to CUNA.
CARMEL, Ind.—Allied Solutions has acquired CU Direct’s Lending Insights platform.
DALLAS– Families have a long way to go in terms of preparing children to become financially self-sufficient, according to findings from a survey conducted by the National Financial Educators Council (NFEC).
MADISON, Wis.—The European Council presidency and European Parliament have reached a provisional agreement on the Digital Operational Resilience Act (DORA) that allows for the “proportional treatment” of credit unions under new regulatory requirements on the security of financial institution network and information systems.
GREAT FALLS, Mont.– Members of Embark Credit Union have voted in favor of merging into Spokane Valley, Wash.-based Horizon Credit Union.
RAPID CITY, S.D.– The Dakota Credit Union Association (DakCU) has announced the results of its board election.
WASHINGTON—Support for the Building Credit Access for Veterans Act of 2022 has been expressed by NAFCU in a letter to the House Veterans Affairs Committee.
BROOKFIELD, Wis.–Fiserv said it is transforming the mortgage lending process with an “intuitive digital platform, allowing anytime, anywhere engagement.”
LONDON–An announcement by the fintech BNPL provider Klarna that it will begin reporting transactions to the credit bureaus is being described as a “big blow” to other financial institutions as it competes in the credit card space.