WASHINGTON—The House of Representatives has overturned the Office of the Comptroller of the Currency’s “True Lender Rule,” and the resolution is now on its way to President Biden for his signature.
Fresh Today
ALEXANDRIA, Va.– NCUA has released its eighth annual report to Congress on the composition and financial performance of the minority depository institutions (MDI), which shows the number of MDI credit unions grew in 2020, and these credit unions expanded membership and increased lending.
LOUISVILLE, Ky.–Park Community Credit Union here has selected the Origence’s Consumer Loan Origination System (LOS).
MOUNTAIN VIEW, Calif.—Credit unions might want to review their own operations and also warn their members that Google has just issued its second urgent upgrade warning in a week.
BROOKFIELD, Wis.– Financial institutions of all sizes now can enable consumers to buy, sell and hold bitcoin through their bank accounts via an integration announced between Fiserv and NYDIG, a leading Bitcoin technology and financial services company.
RALEIGH, N.C. –The CUSO Constellation Digital Partners is reporting Coastal Credit Union has become the first to officially launch digital services for its members through the Constellation platform. The company said more than a dozen other CUs are also in the queue for roll-out.
PHOENIX–DDJ Myers has released a three-part series of white papers it said is designed to guide credit union leaders as they navigate the difficult roads surrounding mergers and acquisitions.
ALEXANDRIA, Va.–The NCUA board has passed a rule aimed at assisting credit unions in doing loan workouts and providing greater assistance to members.
ALEXANDRIA, Va.–In a 3-0 vote, the NCUA board has approved Final Rule, Part 702, which provides for the phase-in of day-one capital adjustments under CECL.
ALEXANDRIA, Va.–The NCUA board has extended the 18% temporary federal CU loan interest rate ceiling until early 2023, with one board member saying he is interested in getting feedback on moving to a variable rate.