NEW YORK–Eight experts have weighed in on a subject of interest to many in credit unions—when will people be able to travel again, and what will the future of travel be like?
Fresh Today
MENLO PARK, Calif.–Will some credit unions be following Facebook’s lead in adding a new position to their management ranks? The answer likely depends on asset size and how much of a permanent effect the coronavirus pandemic has on workforce policies.
SEATTLE—More people than ever are making their purchases at Starbucks by using their phones.
MADISON, Wis.—Base salary, base salary plus bonus, and total compensation packages all increased last year across the credit union industry, according to the 2020 CUES Executive Compensation Survey.
CAPITOLA, Calif.–Credit unions across portions of California have announced branch closures, changes, loan offers and more in response to dozens of wildfires in the state that have displaced thousands of people.
SALEM, Ore.––With hundreds of people and perhaps more still in line at some credit unions and banks across Oregon, the state on Friday ran out of money to fund the $500 emergency relief payments being made to those facing financial hardship due to the coronavirus pandemic.
CINCINNATI—More Americans are hanging onto their leases a little longer due to the pandemic, Swapalease.com reports.
WASHINGTON—The Federal Reserve Board, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network, the National Credit Union Administration, and the Office of the Comptroller of the Currency have issued a joint statement clarifying that Bank Secrecy Act (BSA) due diligence requirements for customers who may be considered “politically exposed persons” (PEPs) should be commensurate with the risks posed by the PEP relationship.
ARLINGTON, Va.—Following the CFPB's launch of a pilot advisory opinion (AO) program it said is designed to publicly address regulatory uncertainty in its regulations, NAFCU offered the association's support, saying the program "will provide credit unions with critical, timely guidance, enabling them to serve their members with confidence."
ALEXANDRIA, Va.—NCUA should promulgate new rules or expand existing ones only if they are clearly warranted based on a compelling need, CUNA wrote to the agency.