WASHINGTON—Trade groups representing both federal and state-chartered credit unions have expressed support for NCUA's proposed rule to amend its risk-based net worth requirement.
Fresh Today
CHICAGO–More than 10,000 people have signed up for a special high-yield savings account with Alliant Credit Union, in a program that was proposed by the financial advisor and author Suze Orman and rejected by other CUs, according to a new report.
MOORHEAD, Miss.–One credit union’s effort to step in and fill a void created when a bank closed a branch in a small town and created a “banking desert” has been recognized in the national media.
ALBANY, N.Y.–Credit unions in New York will be the next to be challenged by weighing the opportunity to serve a huge new cannabis market against the federal law that continues to make cannabis illegal.
ALEXANDRIA, Va.–The NCUA board has unanimously approved by notation vote a 30-day extension of the comment period for its proposed rule on credit union service organizations (CUSOs), Part 712. It has also placed one CU in conservatorship.
WASHINGTON–Three members of Congress have introduced Congressional Review Act (CRA) resolutions designed to eliminate a Trump-era regulation that allows lenders charging 179% APR or more evade state- and voter-approved interest rate caps, known as the “fake lender” rule.
FORT WAYNE, Ind.–Fort Financial Credit Union has signed a multi-year agreement for Lumin Digital's cloud-native platform for online and mobile digital banking solutions.
WASHINGTON—New efforts to combat illegal and unwanted robocalls have been outlined by Federal Communications Commission (FCC).
ALEXANDRIA, Va.–United States Senate FCU said it has selected Credit Union Student Choice to provide its 41,000 members with lending solutions for both private student loans and student loan refinance.
BASSETERRE, St. Kitts— The Eastern Caribbean Central Bank (ECCB) has announced its digital currency, DCash, will go live on March 31, beginning with Antigua and Barbuda, Grenada, St Kitts and Nevis, and St Lucia.