WASHINGTON—Over credit union opposition, the House has passed the Forced Arbitration Injustice Repeal Act (FAIR), which bans arbitration provisions in private contracts, in a 222-209 vote.
Fresh Today
JACKSON, Mich.–American 1 Credit Union said it has committed $5 million over five years and partnered with Lean Rocket Lab on a program to help small business owners gain access to capital in the form of a small business loan program.
WACO, Texas—The $14-million 1st University Credit Union is now offering CURevl’s new resource, colleging, to help members plan for college, CURevl announced.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has assessed a $140 million civil money penalty against USAA Federal Savings Bank (USAA FSB) for willful violations of the Bank Secrecy Act (BSA) and its implementing regulations.
AUSTIN, Texas—New Vista Solutions has released SmartView, which it described as an exclusive residential evaluation report that “utilizes mobile devices and the latest technology to create the fastest, cost-effective product available today for home equity lending.”
RICHMOND, Va.–A dispute over plans by one credit union here to expand its field of membership continues even after three years, but a resolution may be in the works, according to one report.
LIVERMORE, Calif.–OE Federal Credit Union here has selected PSCU forcredit and debit processing support and services.
ALEXANDRIA, Va.—NCUA has released its 2021 Annual Report, which it said is designed to highlight the agency’s activities, policy initiatives, and accomplishments for the past year.
MINNEAPOLIS —What’s being called the “Great Payments Disruption” is taking place as increasingly more consumers embrace digital payments, according to a new study.
WASHINGTON–The American Association of Credit Union Leagues (AACUL) is reporting a survey it conducted shows the breadth and depth of support leagues have provided to credit unions in 2021. All leagues/state associations—representing all 50 states and the District of Columbia—participated in the survey, AACUL said.