ALEXANDRIA, Va.–Credit unions eligible for a new $9 billion federal program that provides emergency capital have expressed some frustrations over what they say have been inconsistencies in the process of filing applications, while also expressing other concerns.
Fresh Today
WASHINGTON— Economic activity in the U.S. accelerated at a moderate pace from late February to early April as consumer spending strengthened, according to data released in the latest Federal Reserve Beige Book.
WASHINGTON—With the widely used London Interbank Offered Rate (LIBOR) set to stop publishing at the end of this year, a House Financial Services subcommittee held a hearing this week to discuss where things stand on the transition to an alternative interest rate calculation for the numerous financial products to which it is indexed.
WASHINGTON—Testifying on behalf of NAFCU, Carlos Pacheco told a House Financial Services subcommittee the nation’s credit unions have a number of recommendations for a fair and level playing field with fintech companies.
WASHINGTON—Credit union loans outstanding increased 0.2% in February, compared to a 0.2% decrease in January of 2021 and a 0.2% increase in February of 2020, according to CUNA’s latest Monthly Credit Union Estimates.
MCLEAN, Va.—NCUA said it has selected a suite of specialized software products from ComplianceTech’s to complete onsite and offsite fair lending examinations and perform offsite monitoring of approximately 1,700 reporting credit unions under the Home Mortgage Disclosure Act (HMDA).
CINCINNATI–TruPartner Credit Union has named a new president and CEO. The $180-million credit union has selected Nina Myers to lead the organization.
WASHINGTON–The Biden administration has begun its efforts to roll back changes to two key fair-housing policies that were changed during the Trump administration.
MADISON, Wis.–The World Council of Credit Unions will host a webinar titled “Credit Union Cybersecurity Challenges and Best Practices” on April 29 at 10 a.m. ET.
NEW YORK–The nation’s largest bank is reporting a huge rebound in earnings, with other banks also reporting significant gains. Some of the earnings gains are related to releasing reserves that had been set aside at the beginning of the pandemic.