WASHINGTON–Four federal agencies in conjunction with the state bank regulators have issued a statement clarifying the legal status of hemp growth and production and the relevant requirements under the Bank Secrecy Act (BSA) for banks providing services to hemp-related businesses.
Fresh Today
WASHINGTON–In testimony before the House Committee on Financial Services, NCUA Chairman Rodney Hood provided an overview of a host of recent and longer-term actions taken by the agency.
TAMPA, Fla. – In move that will likely draw greater attention to credit union purchases of banks, Suncoast CU said it intends to buy the $746-million Miami-based Apollo Bank. One analyst expects similar and even larger deals will continue well into 2020.
WASHINGTON–Both the House and the Senate are back in session this week, and the agenda includes appearances by NCUA Board Chairman Rodney Hood before both bodies.
NEW YORK–Credit unions have outgrown their “down home reputation,” according to a new analysis by the Wall Street Journal, with one analyst suggesting CUs are making a lot of loans with “high-risk features.”
WASHINGTON—The U.S. Supreme Court has scheduled to hold oral arguments March 3, 2020 in the lawsuit filed by Seila Law challenging the CFPB's single-director structure.
WASHINGTON—A number of comment deadlines on proposals that could affect credit unions are approaching in December. Some of those deadlines include:
BROOKFIELD, Wis.—Black Friday shopping at physical stores saw a 4.2% increase in sales compared to 2018, according to First Data Insights.
GREENSBORO, N.C.–Two North Carolina credit unions have announced completion of a merger.
ATHOL, Mass.–Two credit unions have announced new CEOs.