NEW YORK–While the credit union industry would like to put the taxi medallion loan debacle behind it, that isn’t the case for many drivers, including a group that has been on a hunger strike for more than 11 days over the debts they owe on their loans.
Fresh Today
ARLINGTON, Va.–The National Association of State Credit Union Supervisors (NASCUS) has submitted two comment letters to NCUA outlining what it said are the “potential impacts and improvements” to proposed rules on digital assets and subordinated debt.
TACOMA, Wash.–A firm that has done extensive work with CDFIs and low-income credit unions is calling on NCUA to make some changes in its proposed regulation on subordinated debt.
WASHINGTON– A new report from the President's Working Group on Financial Markets, the FDIC and the Office of the Comptroller of the Currency is calling on Congress to place bank-like rules on stablecoins.
NEW YORK—The COVID-19 pandemic has led to an increase in the number of remittances sent worldwide, including a rise in cryptocurrency use for the service.
MADISON, Wis.–A new forecast is calling for above-average loan growth at credit unions over the next two years, with savings balances to grow in 2022 at half the rate of 2021.
MADISON, Wis.–Look for inflation to continue to linger around, according to one CU economist.
DES MOINES, Iowa–Affinity Credit Union said it has reduced its ATM and debit card purchase overdraft fees to $15, and completely eliminated overdraft fees for debit card transactions of $5 or less.
IRVINE, Calif.–– Origence, a provider of lending technology solutions, is reporting continued growth among credit unions using its CUDL auto lending network to originate indirect loans.
COSTA MESA, Calif.—A new report based on a survey of hundreds of banks and credit unions confirms how quickly those institutions have moved to expand digital services.