WASHINGTON—The Biden administration should consider the effects any policy changes will have on credit unions’ ability to serve their members, CUNA said in a letter to the Biden transition team this week.
Fresh Today
EL SEGUNDO, Calif.–Despite the economic uncertainty created by the pandemic, a majority of Americans say they’re happy with their financial institution even though most also say they could be getting better rates and lower fees, according to a new survey.
BOSTON– Massachusetts Gov. Charlie Baker signed a new law the Cooperative Credit Union Association is describing as the “most important and comprehensive enhancement to the Massachusetts credit union state charter in over 30 years.”
ALEXANDRIA, Va.—The NCUA board has unanimously approved by notation vote a final rule that outlines and confirms the agency’s use of supervisory guidance.
NEW YORK/LONDON– A new report lays out the many emerging threats that governments and financial institutions will face in 2021, along with prescriptive recommendations for implementing best compliance practices.
MEMPHIS, Tenn.–What can you and your credit union expect in 2021?
CAMBRIDGE, Mass.–Consumer behaviors and communication preferences have permanently shifted, and in 2021 brands will see a 40% increase in digital customer service, according to a new forecast from Forrester Research.
SAN FRANCISCO— More than four years after the Wells Fargo fake-accounts scandal was discovered, the bank reported Friday another $321 million in quarterly losses related to the customer refunds. That brings Wells Fargo's 2020 total for what it calls customer "remediation" to a staggering $2.2 billion, reported CNN Business.
BROOKFIELD, Wis.—Fiserv said it has partnered with Capital One to offer consumers surcharge-free access to their funds at thousands of ATMs across the nation.
WASHINGTON–The Consumer Financial Protection Bureau filed a lawsuit against 1st Alliance Lending, LLC, John Christopher DiIorio, Kevin Robert St. Lawrence, and Socrates Aramburu for allegedly engaging in various unlawful mortgage-lending practices.