WASHINGTON–In response to a proposal first reported by CUToday.info by the Independent Community Bankers of America (ICAB) calling for credit unions that buy banks to pay an “exit fee” for what is said is the lost tax revenue, NAFCU has sent a letter to the Treasury it said seeks to “dispel falsehoods and inaccuracies” it said are being spread by the bank group.
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SAN FRANCISCO–Wells Fargo has announced plans to end some of its existing personal lines of credit over the next few weeks, and no longer offers the product.
WASHINGTON—The Fannie Mae Home Purchase Sentiment Index (HPSI) was largely unchanged in June, decreasing by 0.3 points to 79.7, despite even greater volatility among its underlying components, Fannie Mae reported.
NEW YORK—The number of unbanked consumers in the U.S. is falling, a new report shows.
BENTONVILLE, Ark.—Walmart and Green Dot said the retailer’s MoneyCard is now offered as a demand deposit account.
WASHINGTON–A new report from the Consumer Financial Protection Bureau summarizing consumer complaints has found “several areas of concern related to relief provided in response to the COVID-19 pandemic,” including the Centers for Disease Control and Prevention (CDC) eviction moratorium.
NEW YORK–A new consumer survey has found a majority of Americans say they are less likely to conduct their financial business face-to-face in the future.
ALBANY, N.Y.–Paula Stopera, 64, who retired as CEO of CAP COM FCU in 2019 after a 40-year career with the credit union, has died.
PASADENA, Calif.–Expanding its longstanding relationship with UCLA, Wescom Credit Union has been named the Official Banking Partner of the UCLA Alumni Association.
NEW YORK—Citigroup has become the latest institutional investor to get into the cryptocurrency and blockchain business with the launch of a new unit called the Digital Assets Group, which will come under its wealth management division.