WASHINGTON–The Office of the Comptroller of the Currency (OCC) has released a new report in which it said its top “emerging risk” is credit risk.
Fresh Today
WASHINGTON—Bill Bynum, CEO of Hope FCU in Jackson, Miss., has been appointed to the Biden-Harris Agency Review Team for the Consumer Financial Protection Bureau.
ST. PETERSBURG, Fla.–PSCU is reporting that following the successful soft launch of its Enhanced Fraud Services in Summer 2019, it has helped 10 early adopter credit unions combat fraud of all types, ranging from first-party chargeback fraud to identifying card information being sold on the dark web.
BROOKFIELD, Wis.—Consumers have adjusted their financial behaviors and preferences during the COVID-19 pandemic, and for many the changes to their payment habits will be permanent, a new study suggests.
WASHINGTON–A bill that would remove federal penalties on marijuana and, if signed into law remove a major risk for some credit unions, will receive a vote on the House floor sometime in December, according to Rep. Steny Hoyer (D-MD). The bill would also clear the records of some people convicted of cannabis-related crimes.
ARLINGTON, Va.—Total consumer credit rose 4.7% in September (seasonally-adjusted, annualized), up 0.4% versus a year ago, a “promising” sign of recovery, according to NAFCU Chief Economist and Vice President of Research Curt Long.
WASHINGTON–During testimony before the Senate Banking Committee NCUA Chairman Rodney Hood offered an update on the state of credit unions and called on Congress to extend beyond year-end a number of provisions put in place as a result of the pandemic.
MADISON, Wis.–A survey conducted by the World Council of Credit Unions (WOCCU) offers an update on where its member credit unions around the world stand on the digital transformation curve.
WASHINGTON–Lending standards for both businesses and households were tightened by banks during the third quarter, according to the Fed’s October 2020 Senior Loan Officer Opinion Survey on Bank Lending Practices.
ONTARIO, Calif.–The California and Nevada Credit Union Leagues’ has named the winners of its annual awards.