WASHINGTON–The Federal Deposit Insurance Corporation (FDIC) has announced the start of what it said will be a “rapid prototyping competition” as it seeks to replace the current system of financial reporting, including quarterly call reports.
Fresh Today
WASHINGTON—The Centers for Disease Control and Prevention (CDC) has posted tips and advice on its website for banks and credit unions to follow to protect staff and slow the spread of COVID-19.
WASHINGTON—Ahead of this week’s Senate Banking Committee hearing examining the digitization of money and payments, NAFCU Vice President of Legislative Affairs Brad Thaler wrote committee Chairman Mike Crapo (R-ID) and Ranking Member Sherrod Brown (D-OH) to share the association's support of the idea to expand financial inclusion, while also expressing concerns over a full move to a digital currency system.
WASHINGTON–The Paycheck Protection Small Business Forgiveness Act has been introduced in the Senate.
BOULDER CITY, Nev.–How real-time data can accelerate decision-making and how to create love and belonging for current and future members will be discussed during the upcoming Underground Virtual Collision.
ALEXANDRIA, Va.–NCUA has issued one prohibition order for June. The individual is prohibited from participating in the affairs of any federally insured financial institution.
MILWAUKEE – A whitepaper analyzing the outcomes of investment activity during economic contractions and the implications for future success has been released by La Macchia Group.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has released guidance to address questions related to Bank Secrecy Act (BSA)/anti-money laundering (AML) regulatory requirements for hemp-related business customers.
NEW YORK–A new report by Accenture suggests that despite the expansive efforts by banks to support consumers and businesses during the COVID-19 pandemic, the level of customer trust in banks has remained flat, and that the best “answer” in moving forward and growing revenue lies in “purpose-driven banking.”
NEW BUFFALO, Ind.–Indiana’s largest credit union is looking to expand further into multiple contiguous states to become a “Midwest powerhouse,” according to a new report.