WASHINGTON–The House is expected to take action this week on credit union-supported legislation that would, among other things, allow financial institutions to serve cannabis businesses in states where it has been approved without fear of federal prosecution.
Fresh Today
ST. LOUIS–One member of the Federal Open Markets Committee says he believes the Fed erred last week and should have cut rates further.
SACRAMENTO, Calif.–California’s Department of Business Oversight is warning consumers of a bogus website that mimics that of a legitimate credit union.
TACOMA, Wash.–CU Strategic Planning, which is the number-one writer of $1-million CDFI Financial Assistance Awards, is congratulating the winners of $125,000 Technical Assistance Awards just announced by the CDFI Fund.
WASHINGTON—The Consumer Financial Protection Bureau and the Federal Trade Commission will host a public workshop on Dec. 10 to discuss issues affecting the accuracy of both traditional credit reports and employment and tenant background screening reports.
ATLANTA/LOS ANGELES–During the first six months of 2019, the LexisNexis Digital Identity Network recorded 16.4 billion transactions, of which 277 million were human-initiated cyber-attacks, a 13% increase over the second half of 2018.
WASHINGTON—Both credit union trade groups are stepping up pressure on a congressional conference committee to pass the FY 2020 National Defense Authorization Act (NDAA) without language that would give banks access to military bases.
WASHINGTON—The short-term funding bill passed by the House late last week includes an appropriation for the Small Business Administration (SBA) that would avert a potential shutdown of the 7(a) program and eliminate the need to raise fees.
SAN FRANCISCO–Despite the demand for workers in a tight labor market, former employees of Wells Fargo who were among the more than 5,000 purged as part of its account-opening scandal are reporting they can’t find jobs.
BERKLEY, Calif.–Two local city council members made a marijuana purchase at a dispensary here using cryptocurrency.