WASHINGTON– The Independent Community Bankers of America (ICBA) is again calling Congress to hold hearings to investigate credit union acquisitions of banks following the announcement VyStar Credit Union is buying a $1.6-billion bank in Georgia.
Fresh Today
RANCHO CUCAMONGA, Calif.–With March marking the one-year anniversary since the first COVID-19 lockdowns went into effect, the country appears to be moving towards normalcy—at least in terms of credit and debit spending, according to CO-OP Financial Services.
MADISON, Wis.— CUES has become among the first to announce some of its events will be held in-person this year, beginning this summer.
ARLINGTON, Va.—NAFCU said it is supporting the introduction of the Credit Union Governance Modernization Act.
CAPITOLA, Calif.–Bay Federal Credit Union has introduced a new First-Time Homebuyer Program.
WASHINGTON—The Financial Crimes Enforcement Network recently convened a virtual FinCEN Exchange event to discuss Bank Secrecy Act (BSA) filing statistics for low-dollar, voluntarily-filed suspicious activity reports (SARs) that contain a transaction nexus to Arizona, New Mexico, Texas, Oklahoma, and Louisiana.
ATLANTA–Greenwood, a fintech that is seeking to advance economic empowerment of minority and underserved communities and racial equity in financial services, has raised $40 million in funding, with investments from six of the seven largest U.S. banks and from two top payment technology companies.
LONDON — Cryptocurrencies are being used to evade laws and should face more regulation, according to the general manager of the Bank for International Settlements (BIS).
WASHINGTON–Home Mortgage Disclosure Act (HMDA) Modified Loan Application Register (LAR) data for 2020 has been published on the Federal Financial Institutions Examination Council’s HMDA Platform for approximately 4,400 HMDA filers.
ALEXANDRIA, Va.–NCUA Chairman Todd M. Harper has been named chairman of the Federal Financial Institutions Examination Council (FFIEC). His two-year term is to run through March 31, 2023. Harper’s term on the NCUA board expires in April, however he is expected to serve on the NCUA board past that date.