WASHINGTON—In a sharp reversal of the Trump Administration’s earlier move, the mass reduction-in-force (RIF) notices issued to all employees of the CDFI Fund last month have been rescinded, according to internal emails reviewed by Punchbowl News.
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NEW YORK--America’s Credit Unions and the New York Credit Union Association, together with American Bankers Association, Bank Policy Institute, and the Clearing House Association, have filed an amicus brief in support of Citibank’s appeal in a lawsuit related to liability under the Electronic Fund Transfer Act (EFTA).
WASHINGTON--The credit union system remains strong, well capitalized, and a safe place for consumers, America’s Credit Unions wrote to the House Financial Services Committee in advance of Tuesday's hearing on the future of deposit insurance.
KANSAS CITY, Mo.--Kicking off the Small Credit Union Conference Monday, America’s Credit Unions President/CEO Scott Simpson said, “it’s good for the soul when the credit union family gets together.”
DENVER—Safe Harbor, the cannabis-financial services firm that originated a decade ago inside Colorado’s Partner Colorado Credit Union, has launched what it calls the industry’s first end-to-end financial solutions platform.
WATERFORD, Conn.— The $1.6-billion Charter Oak FCU has named Craig Knell president and CEO.
LAWRENCEVILLE, Ga.—Used vehicle depreciation picked back up in October, reported Black Book.
LENEXA, Kans.--CommunityAmerica has completed its merger with UNIFY Financial Credit Union to create a $9-billio institution, the organization reported.
KANSAS CITY, Mo.—Federal Reserve Vice Chair Philip Jefferson told an audience at the Federal Reserve Bank of Kansas City that the U.S. economy is contending with temporary disruptions from the government shutdown but remains on a course of moderate growth—an outlook with important implications for financial institutions watching interest rates, inflation, and liquidity conditions.
WASHINGTON—The Defense Credit Union Council said it plans to do everything it can to fight a renewed, reportedly banker-backed push to impose Form 990 filing requirements on federal credit unions.