MADISON, Wis.–The World Council Young Professionals (WYCUP) will host a Virtual Forum from July 22-24.
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WASHINGTON—The Federal Open Market Committee (FOMC) has announced its tentative meeting schedule for 2021 and the start of 2022.
DUBLIN, Ireland–The Irish League of Credit Unions has provided a list of demands for reforms it wants to see, arguing the changes are critical to strengthening the country’s credit union movement. At the same time, at least one credit union has put a cap on the amount of money members can deposit due to the effect on the CU’s capital ratio.
ALBANY, N.Y.–CAP COM FCU has launched a summertime sweepstakes aimed at giving back to its community while also building membership.
WASHINGTON—The CFPB has issued a notice of proposed rulemaking (NPRM) to amend Regulation Z to provide a new exemption for certain financial institutions from the requirement to establish escrow accounts for certain higher-priced mortgage loans.
WASHINGTON–A number of credit union organizations and at least one credit union have received funds from the Paycheck Protection Program, according to data made available by the Small Business Administration (SBA).
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has issued an advisory on the potential indicators of two types of consumer fraud that have been observed amid the coronavirus pandemic: imposter scams and money mule schemes.
NEW YORK–The nation’s two largest banks are in line to divvy up between $1.5 billion and $2.6 billion in fees as the result of making loans through the SBA’s Paycheck Protection Program (PPP), according to a new analysis released by two professors.
NEW YORK—The coronavirus pandemic’s impact on the economy is leading major card issuers to reduce or even eliminate special balance transfer offers. Among the big issuers reducing incentives for balance transfers have been JPMorgan Chase, Citigroup, Bank of America, Barclays and Capital One.
ALEXANDRIA, Va.–NCUA has issued a pair of legal opinion letters, the first on the “reasonable proximity” requirement of the FCU Act, and the second on MSRs and data input.