CINCINNATI—Car lease credit applicants registered a 70% approval rate in January, a decrease from the December rate of 72%, Swapalease.com reported.
Fresh Today
ALEXANDRIA, Va.–A final interagency policy statement related to the new CECL accounting standard and as well as discussion of issues related to allowance for credit losses (ACLs) at credit unions will be on the agenda of the NCUA board when it meets next week.
WASHINGTON—The lack of a requirement that a company disclose its beneficial ownership information is one of the top vulnerabilities in the U.S. financial system, the U.S. Treasury Department according to a new report.
ALBUQUERQUE, N.M.–Rio Grande Credit Union has entered into a naming rights agreement and additional partnerships with the Albuquerque Isotopes.
WASHINGTON–CUNA’s Open Your Eyes awareness campaign has launched in two additional states: Wisconsin and Oklahoma.
LAFAYETTE, La.–Connie S. Roy, president and CEO of Meritus Credit Union, has announced a retirement date for later this year. The credit union has also announced a successor.
BROOKFIELD, Wis.–The Clover platform from Fiserv is now offering Scan to Pay, which the company described as a first-of-its-kind solution that offers a more efficient, flexible, and secure payment experience.
WASHINGTON––The Federal Reserve Bank of New York said it will make available a new financial reference rate, published in 30-, 90- and 180-day averages, related to the Secured Overnight Financing Rate (SOFR), which many analysts believe will be the primary replacement for the London Interbank Offered Rate (LIBOR).
BOCA RATON, Fla.–CU First Responders Finance, LLC (CUFR) has launched FinanceResponders.com.
TALLAHASSEE, Fla.– The League of Southeastern Credit Unions has launched a new website at www.lscu.coop.