WASHINGTON—Saying it is responding to the “forceful opposition” by bank lobbyists to legislation that would allow credit unions to add underserved areas to their fields of membership, NAFCU has sent a letter to the House Financial Services Committee over what it has termed “misleading” attacks.
Fresh Today
WASHINGTON–The National Credit Union Foundation said it is committing a minimum of $100,000 from its CUAid program to support Louisiana-based credit union employees and volunteers affected by Hurricane Ida.
WASHINGTON—The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac can each invest up to $850 million annually in the Low-Income Housing Tax Credit (LIHTC) market as equity investors.
LUFKIN, Texas–In Texas, two long-time CU leaders have announced retirements.
SAN DIEGO– USE Credit Union (USECU) President and CEO Jim Harris has announced his retirement following a 15-year career leading the CU.
WASHINGTON—The Treasury Department has told financial institutions they may process personal remittances to Afghanistan.
MILWAUKEE, Wis. –Corporate Central is reporting that despite an otherwise challenging past 18 months, it has continued its growth, and as of July 31 had welcomed 22 new member credit unions from nine different states.
EDWARDSVILLE, Ill.–Two Illinois credit unions have completed a merger.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) said it will host a special virtual FinCEN Innovation Hours Program on Oct. 14 focusing on the “important role of digital identity to enhance financial services inclusion while supporting efforts to counter illicit activity that undermine the integrity and opportunity of the US financial system.”
LONDON—Money transfer startup WorldRemit Ltd. is seeking to raise cash at a valuation of about $5 billion ahead of a potential initial public offering, Bloomberg reported.