WASHINGTON—NAFCU and CUNA have joined with bank trade groups in a letter to the Uniform Law Commission (ULC) about the Gramm-Leach-Bliley Act (GLBA). In the letter the organizations request that the drafting committee, created by the ULC to create a uniform data privacy and security law, include an exemption for GLBA-covered financial institutions.
Fresh Today
WASHINGTON–A March announcement by NCUA and four other federal regulators encouraging credit unions and banks to offer emergency small loans to struggling consumers during the coronavirus pandemic is a positive development, but could lead to some harmful loan products, according to Pew Trusts.
MCLEAN, Va.—More major card issuers are adjusting rewards to address new consumer behaviors resulting from the pandemic.
NAIROBI, Kenya–Amidst what the World Council is describing as the “devastating effect on the economies of Africa” from the coronavirus pandemic, Savings and Credit Cooperatives (SACCOs) in Kenya are going to face their greatest challenge in the area of product and service development and delivery, according to WOCCU.
PEWAUKEE, Wis.–Fiserv and Deluxe have announced a new relationship aimed at bringing merchant services to Deluxe small business customers.
SEATTLE—BECU has released its 2019 Annual Report and said it returned $388-million—or $322 per member—to its membership last year in the form of better rates and lower fees when compared to bank averages.
WASHINGTON – The Consumer Financial Protection Bureau announced its Credit Union Advisory Council, along with its Consumer Advisory Board, Community Bank Advisory Council and its Academic Research Council will meet jointly on May 1 from 2:00 to 4:15 pm ET via conference call.
BENTONVILLE, Ark.—Walmart has set up a way for new MoneyCard customers to direct deposit their stimulus checks in a move that could help those who don’t have access to traditional bank accounts.
GAINESVILLE, Fla.–CUToday.info is seeking your input to the stories we are reporting and, just as importantly, perhaps not reporting. With most senior executives at credit unions working from home due to the coronavirus pandemic, countless new issues and challenges have arisen for credit union leaders, as is reflected by CUToday.info’s extensive coverage.
WASHINGTON–Both credit union trade groups are expressing support for an announcement by the Federal Reserve of an interim final rule to amend Regulation D to delete the six-per-month limit on convenient transfers from the "savings deposit" definition.