WASHINGTON—As the Office of the Comptroller of the Currency (OCC) embraces a bank licensing approach related to non-depository applicants, NAFCU joined with other financial services industry trades and consumer advocacy groups in calling for a longer public comment period on the applications to ensure proper oversight.
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NAPERVILLE, Ill.–Alloya Corporate FCU said it has entered into a new partnership with Toronto-based CaseWare RCM, a provider of financial crime detection and prevention solutions.
WASHINGTON– The Consumer Financial Protection Bureau (CFPB) and the Office of the Colorado Attorney General have announced joint, virtual office hours to be held as part of the American Consumer Financial Innovation Network (ACFIN).
INDEPENDENCE, Iowa—Dupaco Community Credit Union and the Dubuque-based Creative Adventure Lab said they will combine to open the latest in what the credit union is calling an “Innovation Lab.”
ALEXANDRIA, Va.–NCUA Board Member J. Mark McWatters has submitted his letter of resignation to the White House effective immediately.
WASHINGTON— NAFCU, the Defense Credit Union Council and CUNA have sent a letter to the chairs and ranking members of the House and Senate Armed Services Committees stressing CU opposition to any plans to allow banks access to military facilities. All three organizations are also actively engaged on Capitol Hill on the issue.
WASHINGTON–The FDIC said it is seeking experienced financial advising firms to help it develop a structure and “operational aspect” for a new “Mission-Driven Bank Fund” it is establishing to assist minority depository and community development financial institutions.
CENTENNIAL, Colo. – Two credit unions have named new CEOs.
SEATAC, Wash.––Despite the pandemic pushing a popular annual fundraiser into a virtual environment, credit unions in the Pacific Northwest raised more than $700,000 for Credit Unions for Kids and Children’s Miracle Network Hospitals in Idaho, Oregon and Washington.
WASHINGTON—The CFPB's Credit Union Advisory Council (CUAC) met this week via conference call alongside the Bureau's other advisory councils to discuss two of the Bureau's ongoing efforts related to implementing the Dodd-Frank Act: Section 1071 for small business lending data collection, and section 1033 for consumer access to financial data.