WASHINGTON—The Secure and Fair Enforcement (SAFE) Banking Act is a critical first step to ensure legal cannabis marketplaces are safe, legal and transparent, CUNA and other financial services trade organizations wrote to Senate Banking Committee leadership.
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WASHINGTON—In the wake of an announcement by Federal Housing Finance Agency (FHFA) Director Mark Calabria's that the agency plans to issue a re-proposed rule setting capital requirements for Fannie Mae and Freddie Mac early next year, NAFCU's Brad Thaler has restated the association's call for legislative action on housing finance reform in a letter to lawmakers.
JACKSONVILLE, Fla.–Jax FCU here said effective Jan. 1 it will increase its minimum wage to $15 per hour, a change that will affect 7% of its employees.
MINOT, N.D.–Affinity First FCU here has named a new president/CEO. The credit union said it has selected Kelly Duchsherer to lead the organization.
ALBANY, N.Y. – Gov. Andrew Cuomo has signed into law legislation that will allow credit unions to participate in the state’s Banking Development District Program.
WASHINGTON—NAFCU President and CEO Dan Berger, Executive Vice President of Government Affairs and General Counsel Carrie Hunt, and Vice President of Legislative Affairs Brad Thaler have been named among the top association lobbyists for 2019 by The Hill.
WASHINGTON–The FDIC and the OCC have put out for comment proposals aimed at giving banks new flexibility in complying with Community Reinvestment Act (CRA) rules aimed at eliminating redlining.
LONDON—London has the most fintech headquarters of any city in the world, according to new research.
HOUSTON – Two women who formerly worked at a credit union have been ordered to federal prison following their conviction for embezzling from Space City Credit Union.
MINNEAPOLIS—U.S. banks and credit unions are feeling more confident in their ability to meet compliance demands, but there remains a core number of common compliance and risk challenges facing financial institutions, according to a new study.