WASHINGTON—Changes being proposed by the Federal Reserve to part II of its policy on payment system risk (PSR) are the subject of recommendations and concerns being raised in a letter from NAFCU.
Fresh Today
WASHINGTON—Treasury, the Department of Housing and Urban Development (HUD), the Department of Agriculture, the VA, along with FHFA have released a joint statement addressing the CDC's eviction moratorium.
WASHINGTON–During an appearance before the Senate Banking Committee, NCUA Chairman Todd Harper offered an update on the performance of CUs, outlined the industry response to the pandemic, responded to questions related to climate change, and made four requests of Congress, including again asking for third-party oversight authority and again mentioning risks posed by CUSOs.
WASHINGTON–The July 2021 Senior Loan Officer Opinion Survey on Bank Lending Practices released by the Fed has found that when it comes to loans to businesses, on balance respondents reported easier standards and stronger demand for commercial and industrial (C&I) loans to firms of all sizes over the second quarter.
WASHINGTON—Both NAFCU and CUNA sent letters to the Senate Banking Committee ahead of a hearing to provide oversight of federal financial regulators – including NCUA – urging the committee to keep credit union concerns in mind.
MADISON, Wis.—Nearly $1.3-million has been donated by credit unions and other organizations to the Worldwide Foundation for Credit Unions in just three months, ensuring $1 million in matching funds will be provided as part of the CUNA Mutual Group Challenge.
COLUMBUS, Ohio–For the first time, a bill to legalize cannabis possession, production and sales has been filed in the Ohio legislature.
SEATTLE—Starbucks customers have accumulated a total unspent balance of $1.62 billion on the company’s prepaid physical and digital reward and gift cards, the coffee giant’s 2021 Q3 earnings call revealed.
SAN JOSE, Calif.—PayPal’s plan to morph itself into a “super app” has been given a go for launch.
SAN FRANCISCO—PayU, an online payment service provider for emerging markets operating on four continents, announced it will enable push payments in partnership with Visa.