WASHINGTON—Ahead of a House Ways and Means Committee hearing to examine the corporate income tax, NAFCU's Brad Thaler touted the economic benefits and value of the credit union tax exemption, highlighting that "credit unions are a vital part of the financial services industry and provide their nearly 120 million members financial opportunities they may not otherwise have access to."
ROCKY HILL, Conn.– Nutmeg State Financial Credit Union said it has entered into a new partnership with Porter and Chester Institute, a technical school with locations in Connecticut, Massachusetts and Pennsylvania, to offer education loans to its students.
CHANDLER, Ariz.–First Credit Union said it marked its 90th anniversary with a service campaign called #90DaysofGiving that gave back to the communities and members it serves.
WASHINGTON—CFPB Director Kathy Kraninger – during a House Financial Services Committee hearing to review the Bureau – restated her position the agency will no longer defend the Bureau's single-director structure in a lawsuit set to be considered by the Supreme Court in March.
MADISON, Wis.—The Global Women’s Leadership Network is reporting credit union women in five African nations and two U.S. states have started new Sister Societies since the organization surpassed a total of 100 in July of 2019, bringing the new total to 108 chapters in 26 countries.
WASHINGTON—CUNA has updated its Military Lending Act (MLA) credit card fee spreadsheet for the first quarter of 2019.
WASHINGTON–Both credit union trade groups are now reviewing President Trump’s proposed $4.8-trillion budget plan for 2021 to see what is and isn’t included.
WASHINGTON–A federal grand jury has charged four members of the Chinese People's Liberation Army with being behind the hack of Equifax, one of the largest thefts of personal data and trade secrets in history.
ARLINGTON, Va.—With 225,000 jobs gained last month, NAFCU Chief Economist and Vice President of Research Curt Long said the report was "a good one," noting "sturdy job gains and rising rates of labor force participation."
WASHINGTON—The Federal Reserve has released updated hypothetical scenarios to use in 2020 stress test exercises. The scenarios are used by the NCUA for credit union stress tests, and there are some differences worth paying attention to, according to NAFCU Chief Economist and Vice President of Research Curt Long.
