LAWRENCEVILLE, Ga.—Used vehicle values continue to find a faster left lane to move into.
Fresh Today
NEW YORK–Following a two-week hunger strike by a dozen cab drivers, the New York Taxi Workers Alliance (NYTWA), New York City, and Marblegate Asset Management—the company that bought the portfolio of taxi medallion loans from NCUA--have announced an agreement they said is aimed at helping ameliorate the crushing debt burden of many of the city’s approximately 6,000 medallion taxi owner-drivers.
TALLAHASSEE, Fla.–Jim Taylor, a long-time leader in credit unions, has passed away.
SAN FRANCISCO—San Francisco Federal Credit Union has lost a lawsuit it filed against the San Francisco Municipal Transportation Agency (SFMTA) related to loans made on taxi medallions. Hailing the decision, the city attorney described the lawsuit as being about a “bank bailout.”
ALEXANDRIA, Va.–In a new Letter to Credit Unions, NCUA said any issuances of secondary capital not completed by Jan. 1 will be subject to the requirements of the new subordinated debt rule, which becomes effective on that date.
WASHINGTON—As Veterans Day approaches, the Defense Credit Union Council said it is seeking to honor the sacrifices of the nation’s military’s by releasing a special video honoring servicemembers and veterans.
WASHINGTON — Consumers are conducting their banking via mobile apps more often than any other method, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association.
NEW YORK–One irony of the pandemic: it has led to a significant reduction in workers’ sick days.
BRASILIA, Brazil—The third phase of the open banking initiative in Brazil has gone live, introducing services such as Pix, the country's instant payment system.
WASHINGTON—NAFCU and CUNA have joined with more than 80 trade associations in sending a letter to CFPB Director Rohit Chopra urging an extension to the Bureau’s 90-day comment period for its section 1071 proposed rule.