NEW YORK—American Express has unveiled its first-ever debit card as competition for small-business customers heats up.
Fresh Today
SAN MATEO, Calif.–A newly released report evaluates the digital experiences offered by the 50 largest credit unions in the United States, and also highlighting what it said are several key industry trends.
ANN ARBOR, Mich.—In a development that should raise alarms, for the third year in a row the nation’s credit unions have not only again fallen behind banks but hit another “historic low” when it comes to consumer “satisfaction” in one respected national survey.
WASHINGTON—Credit unions, their trade groups and the Defense Credit Union Council will be watching this week to see if the Senate will consider the FY2022 National Defense Authorization Act (NDAA), which also contains language that would allow financial institutions to provide services to cannabis businesses in states in which voters have OK’d various pot laws.
WASHINGTON–At least one trade group is being cautious over the prospects of a draft bill being circulated on Capitol Hill that would give NCUA oversight over third-party vendors and CUSOs.
WASHINGTON–The House Financial Services Committee is scheduled to mark up the Credit Union Governance Modernization Act (CUGMA) this week.
WASHINGTON—NCUA needs to provide credit unions with more time to evaluate, respond to, and prepare for the significant changes that have been made to the call report, NAFCU President and CEO Dan Berger told the agency in a letter. Berger suggested NCUA postpone the effective date of the call report changes from March 2022 to January 2023.
ARLINGTON, Va.–What will the nation’s banking industry make of the likely passage on Thursday by the NCUA board of a proposal that would alter the definition of “service facility” and allow credit unions to expand their fields of membership without adding bricks and mortar? They’ll respond in the same way the banking industry always does, according to one NAFCU exec.
ARLINGTON, Va.—Credit union should not be excluded and NCUA should not be put in an untenable position as the federal government tackles regulations around stablecoins, according to NAFCU President and CEO Dan Berger.
TALLAHASSEE, Fla.—United Solutions Company has received the National Association of Credit Union Service Organizations’ (NACUSO) 2021 CUSO of the Year Distinguished Service Award.