WASHINGTON—CUNA has sent separate letters to the CFPB and FinCEN.
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ARLINGTON–NAFCU has sent a letter to the Financial Crimes Enforcement Network (FinCEN) in response to its proposed rulemaking regarding the requirements for certain transactions involving convertible virtual currencies (CVCs) or legal tender digital assets (LTDA).
WASHINGTON– The Consumer Financial Protection Bureau has issued a compliance assistance sandbox (CAS) approval order to Synchrony regarding its proposal to develop a “dual-feature credit card.”
HARRISBURG, Penn.–The New Jersey Credit Union Foundation and the Pennsylvania Credit Union Foundation have merged to create a new foundation, the CrossState Credit Union Foundation.
ALEXANDRIA, Va.–The NCUA board hasunanimously approved by notation vote a request for information seeking comments and information on the agency’s the communication methods. Separately, NCUA also announced prohibition orders against two people.
WASHINGTON—The Small Business Administration (SBA) has extended the deadline to apply for the Economic Injury Disaster Loan (EIDL) program to Dec. 31, 2021.
WASHINGTON—The Federal Communications Commission (FCC) has issued an order codifying exemptions to the Telephone Consumer Protection Act.
NEW YORK–What else should credit unions potentially brace for in 2021? According to one Wall Street forecaster, a comeback for inflation and an increase in mortgage rates.
NEW YORK–The student debt crisis that has engulfed many Millennials is “increasingly moving back in time to snare parents,” according to an analysis of new data.
ANTIGO, Wis.–CoVantage Credit Union deposited a record $4.2-million in patronage dividends at year-end to members who borrowed or saved with the CU. The payout marks the largest patronage payment in the history of CoVantage Credit Union, which over the last five years has returned $17 million to members through the patronage. In all, the credit union has been paying out the special patronage for the past 40 years.