MARLBOROUGH, Mass.— The Cooperative Credit Union Association said it has released a video highlighting the programs and services provided to credit unions in Delaware, Massachusetts, New Hampshire, and Rhode Island to “help them better serve their members.”
Fresh Today
WASHINGTON—Virtual currencies are increasingly being used in human and drug trafficking, the Government Accountability Office said in a new report.
WASHINGTON– The Federal Deposit Insurance Corporation (FDIC) has approved a final rule to simplify aspects of the agency’s deposit insurance coverage rules.
ALEXANDRIA, Va.–The NCUA Board heard an update on the status of the Central Liquidity Facility (CLF), with all three board members urging Congress to extend the now-expired authorities it was granted during the first years of the pandemic, even as one board member noted it has not made a “significant loan” in a dozen years.
ALEXANDRIA, Va.–The NCUA board has received an update on the agency’s supervisory priorities in 2022, with each of the board members weighing in on issues that included where CUs have been expressing frustrations, consumer protection, plans for reviewing overdraft programs, the recording of meetings with examiners, and other matters.
ALEXANDRIA, Va.–Noting that nearly one-third of CU mergers are the result of a lack of succession planning, the NCUA board has voted 2-1 to put out for 60-day comment a proposal that calls for federal credit unions to have a succession plan in place for key members of management and boards.
WASHINGTON–The Consumer Financial Protection Bureau (CFPB) said it has launched an initiative to “save households billions of dollars a year by reducing exploitative junk fees charged by banks and financial companies.”
ALEXANDRIA, Va.—During its open meeting Thursday the NCUA board will propose a rule on succession planning and be briefed on the impact of the expiration of the CARES and Consolidated Appropriations Acts.
WASHINGTON–The Federal Reserve’s Open Market Committee has adjourned its January meeting without raising rates, while also indicating it is getting close to doing so.
LOS ANGELES–University Credit Union (UCU) said it has become the first credit union in California to eliminate overdraft fees for its members.