NEW YORK–Kabbage, a unit of American Express, has launched Kabbage Checking, which it said is the first business checking account offered by American Express and “built for U.S. small businesses.”
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ALEXANDRIA, Va.–Both NCUA and the CFPB have released their Spring 2021 regulatory agenda, with NCUA noting it is preparing a final rule on “combination transactions with non-credit unions; credit union asset acquisitions, which refers to credit unions buying banks, as well as rules related to CECL.
ARLINGTON, Va.–Over the past year reports from most credit unions have been generally positive about the virtual exams NCUA has conducted during the pandemic. But there are increasing concerns by the trade groups that the reach of those exams will be extended and the burden on CUs will get heavier.
WASHINGTON– “The devil is going to be in the details,” according to one analysis of what a new Internal Revenue Service proposal could mean for credit unions.
ALEXANDRIA, Va.–NCUA Board Chair Todd Harper will host the first of three virtual educational and networking roundtables for federally insured credit unions certified as minority depository institutions on June 30.
NEW YORK–Companies across the country are sending surveys, offering cash rewards and requiring disclosures to find out how much of their work force is vaccinated, according to a new report.
WASHINGTON—CUNA has filed comments with both Treasury’s Financial Crimes Enforcement Network (FinCEN) and with NCUA regarding the use of the Model Risk Management Guidance (MRMG) for Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance.
WASHINGTON–Both the House and the Senate are in session this week.
TEMPE, Ariz. –TruWest Credit Union said it has begun offering a new auto buying program through Costco Auto. The credit union noted the program is aimed at helping members purchase new and pre-owned certified vehicles at discounted prices.
WYOMING, Mich.–Bloom Credit Union has announced a new CEO to replace the retiring Daniel Baines.