BERN, Switzerland—Facebook’s Libra cryptocurrency project must meet the highest standards for combating money laundering and terrorism financing if it is to get off the ground, a senior U.S. Treasury official said.
Fresh Today
WASHINGTON–For credit unions seeking to better understand how bank branches are performing in their respective markets, the FDIC has released its annual survey of branch office deposits for all FDIC-insured institutions as of June 30, 2019.
SILVERDALE, Wash.–Kitsap Credit Union has donated $500,000 for 1,400 bleachers for the new Central Kitsap High School football stadium. The seats are now part of the Kitsap Credit Union Cougar Field Athletic Sports Complex.
MILWAUKEE, Wis.– Credit union HR professionals gathered last week to learn from InterLutions’ Fall HR Forum, where the attention was on innovative and collaborate employee engagement solutions.
WASHINGTON–Two consumer groups are criticizing the NCUA board for approving a new Payday Alternative Loans (PALs) program for being a step toward “predatory lending” and for representing a risk to what credit unions stand for.
ALEXANDRIA, Va.–During a busy meeting here, the NCUA board approved changes to supervisory committee audit rules, approved new bylaws amendments, gave the OK for the creation of new PALs II programs, and heard an update on the health of the National CU Share Insurance Fund.
MADISON, Wis.—Credit union net interest margins are up, as is lending, albeit at a slower growth pace than last year, according to CUNA Mutual Group’s latest Trends Report.
WASHINGTON—The Consumer Financial Protection Bureau should avoid impacts on first-party debt collectors in its rulemakings, CUNA wrote to the agency in response to its proposal on debt collection. Separately, the trade group has sent a letter to Congress outlining consumer savings that are the result of credit union membership.
WASHINGTON–A coalition of 232 nonprofit organizations from all 50 states and the District of Columbia have sent a letter to the Consumer Financial Protection Bureau (CFPB) in response to its proposal that the group said “protects abusive debt collectors more than consumers.”
PORTLAND, Ind.––The CEO of CrossRoads Financial FCU here has announced plans to retire. Janet Bantz said she will step down on Jan. 1.