WASHINGTON—The Federal Reserve's Fraud Definitions Work Group has released a new fraud classification model, the Fraud Classifier, for payments.
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WASHINGTON–In a 5-4 decision, the Supreme Court has ruled the director of the Consumer Financial Protection Bureau can be fired.
WASHINGTON–The Supreme Court has denied an appeal by the American Bankers Association (ABA) seeking to void membership rules NCUA first approved in December of 2016.
NEW YORK–Forbes has published its annual rankings of the Best In-State Banks and Credit Unions in the United States, with its top overall score going to a Michigan-based CU and consumers overall ranking CUs ahead of banks.
WASHINGTON—With revised Commerce Department data showing the U.S. economy shrank 5% in Q1, NAFCU Chief Economist and Vice President of Research Curt Long said the new estimate foreshadows a more serious drop to be reflected in second quarter estimates.
ARVADA, Colo.–Partner Colorado Credit Union has announced its first lending program for cannabis private banking clients.
SAN DIEGO – In a state in which nearly five-million Californians have filed for unemployment since businesses closed mid-March to mitigate the spread of COVID-19, USE Credit Union (USECU) has launched a program offering members a “Spread the Love” bonus of $100 for referring friends and family that can be used in conjunction with unemployment direct deposits.
WASHINGTON—Five federal regulatory agencies, including NCUA, are requesting public comment on new and revised Interagency Questions and Answers Regarding Flood Insurance.
WASHINGTON—CUNA has offered comment issues related to CECL, loan repayments and more included in several pandemic lending-related bills. The comments were related to a hearing held by the House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets.
PHOENIX–Two credit unions in this state that earlier completed a merger have now introduced their new name. The CU formed by the merger of Canyon State Credit Union and Deer Valley Credit Union said it is now operating as Cooper State Credit Union.