LONDON–Monzo, which quickly grew to more than four-million users and is one of the so-called “challenger banks” credit unions are frequently cautioned to watch, is now borrowing a page from the very banks it has taken on by adding fees.
Fresh Today
GAINESVILLE, Fla.–Still More open job positions have been added to CUToday.info’s free job board, the Gig.
LAWRENCEVILLE, Ga. – Used vehicles continue to hold their value at nearly record levels, reports Black Book, which said is Used Vehicle Retention Index in August hit its highest point since May of 2014.
MENLO PARK, Calif.—Facebook is planning to introduce mobile payment options which will include Facebook Pay.
WASHINGTON–Following the California wildfires and Hurricane Laura, the National Credit Union Foundation said it has been working with state credit union foundations and leagues, specifically with the California and Nevada CU Leagues, Louisiana CU League, and the Cornerstone CU Foundation as it seeks to evaluate the disaster relief needs of credit union employees and volunteers.
ARLINGTON, Va.–The National Association of State Credit Union Supervisors (NASCUS) is reporting its Regulator Board and its Credit Union Advisory Council have approved a new diversity, equity and inclusion (DEI) policy and re-enacted seven other policies on an array of topics including, protecting state credit union charters and options and cannabis banking legislation.
NEW YORK—With the recent exit of a New York-based depository, only two banks and two credit unions are still participating in the Troubled Asset Relief Program (TARP), which has included 763 institutions since it was launched in 2008 to recapitalize the industry in the wake of the credit crisis.
WASHINGTON—Federal Housing Finance Agency (FHFA) Director Mark Calabria has responded to letters from CUNA and all 35 state Leagues expressing concerns over the proposed GSE refinance fee.
ARLINGTON, Va.—This week NAFCU is hosting a complimentary webinar to update credit unions on the status of the NCUA's exam modernization initiatives.
NEWPORT BEACH, Calif.–The National Association of CUSOs (NACUSO) said it will once again host its Next Big Idea Competition this year but with two firsts: it will be held in a virtual format and prize money will be offered.