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 today.
WASHINGTON–Payday loan companies and other high-cost lenders routinely obtain warrants to arrest their customers, according to a new study from the Consumer Federation of America (CFA).
WASHINGTON—NAFCU has responded to an op-ed from the Florida Bankers Association's CEO and a report from the National Taxpayers Union the trade group says “falsely” claims credit unions are the financial institutions misusing the tax code.
ROANOKE, Va. — Freedom First Credit Union said it has received a $5 million secondary capital investment from the new Inclusiv Southern Equity Fund to help fund the Affordable Housing Program. According to Freedom First, its program works with potential homebuyers of modest means to overcome conventional mortgage qualifying hurdles so they have a chance to become a homeowner.
WASHINGTON–CUNA and NAFCU have joined to submit an amicus brief in a case involving allegations related to non-sufficient funds (NSF) fees. NAFCU, meanwhile, is separately calling on the CFPB to exempt Cus from future rulemaking, while also responding to an IRS proposal.
TEXARKANA, Texas – With plans to soon add a host of new member services, Red River Credit Union is now partnering with CO-OP Financial Services for debit and full-service credit processing, and participating in CO-OP ATM network, according to the company.
HARRISBURG, Penn.—PSECU has launched a pilot program aimed at providing free, one-on-one financial coaching sessions to members who are students at five Pennsylvania-based colleges and universities.
BARTLETT, Tenn.–First South Financial Credit Union said it has signed a multi-year agreement for Lumin Digital’s cloud-based platform as the credit union’s digital banking solution for retail and business banking, as well as bill pay solutions.
WASHINGTON—Will credit unions this year finally receive more guidance and clarity related to providing financial services to marijuana-related businesses (MRBs)?
BROOKFIELD, Wis.— In a move intended to boost the worldwide use of smartphones and tablets as point-of-sale terminals, First Data, now part of Fiserv, said it is now enabling merchants to use their own devices to accept payments of any amount without any additional hardware.
