WASHINGTON–Senate Banking Committee Chairman Mike Crapo (R-ID), who said he remains “firmly opposed” to the legalization of marijuana on the federal level, is inviting public feedback on ways to address public health and money laundering related to cannabis banking.
WASHINGTON—Congress is now expected to pass a huge new spending package that will not only keep the government open, it also includes funding for a number of provisions backed by credit unions. At the same time, the fiscal year 2020 National Defense Authorization Act (NDAA) is on its way to the president for his signature without language that would have given banks similar access to military bases as credit unions enjoy.
NEW YORK–Thirteen banks and financial services companies have agreed to pay $337 million to settle they conspired to rig the prices of bonds issued by Fannie Mae and Freddie Mac for more than a decade.
WASHINGTON–The Federal Reserve Board plans to hold a series of what it is calling "fintech innovation office hours" across the country during which it said it will meet with banks and companies engaged in fintech.
MADISON, Wis.–In all of the other data packed into CUNA Mutual’s latest Trends Report on loan and membership trends, one data point may have escaped notice: just how much more productive credit unions have become in two decades.
WASHINGTON—NAFCU shared the association's support of S. 2563, known as the ILLICIT CASH Act, in a letter to the Senate Banking Committee, while CUNA has sent a letter in support of the Financial Institution Customer Protection Act
CINCINNATI—What are credit union members looking for in cars this holiday season and how are they shopping for them?
GREENVILLE, S.C.–Two South Carolina CUs have announced plans to merge. The $26-million Turbine FCU here said it will merge into the $1.1-billion Self-Help Credit Union in Durham, N.C.
SAN DIEGO—A delegation from Costa Rica-based CoopeAnde No. 1 Credit Union visited with four San Diego area credit unions as part of the World Council of Credit Unions’ Immersion Learning Program.
ST. PETERSBURG, Fla. — PSCU has deployed desktop automation through its partnership with Jacada, a provider of customer service robotic process automation (RPA), the CUSO said.
