YUBA CITY, Calif.–Sierra Central Credit Union has named a new CEO to succeed the retiring John Cassidy, while in Texas DATCU has named a new president.
Fresh Today
LIMA, Peru—The World Council of Credit Unions’ (WOCCU) Economic Inclusion Project said it joined forces with USAID and the Superintendency of Banking, Insurance and AFP of Peru to stage an online event showcasing international experts who shared experiences and lessons learned on facilitating financial inclusion efforts for vulnerable populations.
BURLINGTON, Mass.–Jane Melchionda, the first and only president and CEO of Eastern Corporate FCU, has announced plans to step down in the first quarter of 2022.
TULSA, Okla.–A Romanian national who admitted to creating and using fake ATM cards with stolen credit union account information has been sentenced to time already served in federal custody, in addition to paying restitution.
HAMPSHIRE, U.K.–A new study from Juniper Research is projecting the global transaction volume of in-vehicle payments will exceed 4.7 billion by 2026, up from just 87 million in 2021.
WASHINGTON – The House of Representatives has passed the $1.75-trillion Build Back Better Act absent any language supporting the IRS reporting proposal that credit unions and other financial institutions had strongly opposed.
MEMPHIS–A Tennessee court has issued a temporary injunction blocking the sale of Memphis-based Financial Federal Bank to Orion Federal Credit Union.
WASHINGTON–The Independent Community Bankers of America, the American Bankers Association and the National Community Reinvestment Coalition have sent a joint letter calling on Congress to schedule an oversight hearing for the National Credit Union Administration.
RANCHO CUCAMONGA, Calif. – With the holiday shopping underway, October spending trends were largely business as usual in categories such as travel, sports and recreation and retail. However, a few “head-scratching” trends began to emerge, including a softening of Amazon spending, CO-OP Financial Services reported.
WASHINGTON—Democratic senators have asked the Consumer Financial Protection Bureau to take “concrete steps” to reform the credit reporting industry.