SHELTON, Conn.—Mutual Security Credit Union here has gone live with Lumin Digital’s cloud-based platform, PSCU announced.
Fresh Today
WASHINGTON–The U.S. District Court of Appeals for the D.C. Circuit has denied a request by the American Bankers Association for a rehearing en banc in a case filed against NCUA over its new field of membership rules.
ALEXANDRIA, Va.–The NCUA board has voted to maintain the normal operating level (NOL) of the NCUSIF at 1.38%, while also confirming no distributions from the insurance fund will be paid out in 2020.
ALEXANDRIA, Va.–The NCUA board has voted 2-1 in favor of again delaying implementation of its risk-based capital rules, this time to Jan. 1, 2022, back from what would have been a Jan. 1, 2020 deadline.
ALEXANDRIA, Va.–The NCUA board voted 2-1 to approve its budgets for 2020 and 2021, with discussion prior to the vote dominated by debate over whether NCUA is doing enough to ensure credit unions are in compliance with consumer protection laws.
ALEXANDRIA, Va.–In a 2-1 vote, the NCUA board has approved budgets for 2020 and 2021 that are slightly below the estimates made during its November budget briefing.
ALEXANDRIA, Va.—The NCUA board will consider a final risk-based capital rule, the agency’s 2020-21 budget and will receive a briefing on the 2020 share insurance fund Normal Operating Level (NOL) at its meeting today.
WASHINGTON–After receiving nearly 190,000 comment letters, the CFPB said it expects to have a final, revised rule on payday lending in place by April of 2020.
WASHINGTON–A new survey finds credit unions are far better at supporting their members' feelings of wellbeing than banks are—but the numbers are also relative, as across seven-of-eight attributes CUs were never scored higher than 30% by their members when it comes to helping improve their lives.
WASHINGTON–The one-year anniversary of Kathleen Kraninger as director of the Consumer Financial Protection Bureau has been met with everything from a long press release from the agency itself highlighting her leadership, to sharp criticism from a consumer group, to a meeting with credit union league executives to Supreme Court decisions that, ironically, should the CFPB get its way, would water down Kraninger’s authority.