WASHINGTON–New legislation in Congress seeks to block the Federal Reserve from issuing a central bank digital currency directly to consumers.
Fresh Today
WASHINGTON—Continuing to press for answers around what is being done about the backlog of applications for CDFI funds at the Treasury Department, NAFCU has sent a letter requesting enhanced transparency and communication on pending applications for credit unions seeking CDFI certification.
WASHINGTON—During a House Small Business Committee hearing members of Congress pressed representatives of the Small Business Administration over what is being done to combat loan fraud and also briefly discussed the issue of the SBA getting into the direct lending business, an expansion credit unions oppose.
MADISON, Wis.–The World Council of Credit Unions (WOCCU) will host a webinar on organizational leadership on Jan. 25 as part of its Resilient Leader Series.
WASHINGTON– The Consumer Price Index, which despite its name excludes the sometimes-volatile categories of food and energy, climbed 5.5% in December compared with one a year earlier, the highest rate since 1991.
UPPER DARBY, Penn.–A half-dozen more credit union mergers have been proposed, with nearly all involving smaller CUs and several citing a lack of succession planning as one big problem, according to forms filed with NCUA.
SUMTER, S.C.– Members of Sumter City Credit Union have voted in favor of merging into SAFE Federal Credit Union.
NEW YORK–In response to the increasing attention coming from regulators, 19 major U.S. banks have formed a consortium aimed at more comprehensively weighing the risks associated with climate change.
WASHINGTON—Sen. Tim Scott (R-SC) and Rep. William Timmons (R-SC) have sent a letter to CFPB Director Rohit Chopra expressing opposition to the Bureau's section 1071 proposed rule regarding data collection.
WASHINGTON—Ahead of a congressional hearing, NAFCU has again outlined its concerns related to the Small Business Administration (SBA) getting into the direct lending business.