WASHINGTON—As the London Interbank Offered Rate (LIBOR) is set to stop publishing after 2021, Federal Reserve Vice Chair for Supervision and Chair of the Financial Stability Board Randal Quarles is warning the transition away from the rate could pose financial stability risks.
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SACRAMENTO, Calif.–The California Department of Business Oversight has issued guidance designed to help state-chartered credit unions and banks, saying it will not take action against the institutions for serving legal, licensed cannabis companies in the state.
MADISON, Wis.— CUES has named its 2019 Outstanding Chief Executive award winner. Selected for the honor is Sterling Nielsen, president/CEO of Mountain America Credit Union in Sandy, Utah.
WASHINGTON—The OCC has released its bank supervision operating plan for fiscal year 2020, identifying what each of the agency’s supervisory operating units will focus on for the new federal fiscal year that started Oct. 1.
MADISON, Wis.–The National Credit Union Foundation has announced the dates of its four Credit Union Development Education (CUDE) trainings for 2020, as well as the day registration opens. The application period for scholarships has also opened.
WEST BEND, Ind. – Glacier Hills Credit Union has named a new CEO. The $141-million GHCU has selected Tami Winkler to lead the organization.
WASHINGTON – The Consumer Financial Protection Bureau and the South Carolina Department of Consumer Affairs have filed a lawsuit in federal district court in the District of South Carolina against Katharine Snyder, Performance Arbitrage Company, Inc., and Life Funding Options, Inc.
REGINA, Saskatchewan–Some local citizens here continue to protest a CU’s plans for a new building here, with a group called “No Business in the Park” even performing an adaptation of Dr. Seuss’s The Lorax outside the Conexus Credit Union’s headquarters.
MINNEAPOLIS, Minn.—Target's revamped loyalty program is ready for its nationwide debut. Target Circle will be available to shoppers in the United States beginning Oct. 6.
LAS VEGAS–A new survey has found most Americans believe financial literacy should be taught in school.