MENLO PARK, Calif.— Global regulators expressing opposition to Facebook’s Libra initiative around a new cyber currency, and even members of its own Libra Association are having serious doubts of their own, a new report indicates.
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FRANKFURT, Germany—The European Central Bank is being advised by ECB board member Yves Mersch that Facebook’s Libra could affect its ability to set monetary policy.
O’FALLON, Mo.–West Community CU said it plans to begin offering members Plinqit a brandable, savings app that pays users for engaging with content.
CINCINNATI—Which NFL team reminds consumers most of a driverless car? The New England Patriots.
PURCHASE, N.Y.–A new study from Mastercard reveals that since 2009, the number of international overnight visitors grew a dramatic 76%.
LOS ANGELES–Edward Rostohar, the former CU CEO who pleaded guilty from stealing more than $40 million from a $21-million credit union over two decades, has been sentenced to 169 months in prison.
WASHINGTON–Rates on the 30-year mortgage saw one of their biggest short-term jumps in several years last week.
ARLINGTON, Va.–If there was one surprise coming out of NAFCU’s Congressional Caucus last week, including Hill visits by credit unions, it was the interest that remains in addressing CU concerns around CECL, according to Carrie Hunt.
WASHINGTON–Rep. Carolyn Maloney (D-NY) has again introduced legislation to cap overdraft fees. Maloney, who has introduced similar legislation in each Congress since 2005, has again submitted the Overdraft Protection Act of 2019.
PORTLAND, Ore.—Providence Federal Credit Union is cutting its overdraft fees in half, with its Courtesy Pay program now charging $15 per overdraft rather than $30.