NEW YORK—Can credit cards become a product that deepens relationships?
Fresh Today
WASHINGTON—On June 21, the Financial Action Task Force (FATF) is expected to publish a note clarifying how participant nations should exercise oversight for the digital assets sector.
ORLANDO, Fla.–Member credit unions of the League of Southeastern Credit Unions and Georgia Credit Union Affiliates have voted in favor of a merger.
The League of SECUs, which serves credit unions in Alabama and Florida and which was created by a merger of the respective leagues a decade ago, will be the surviving organization.
NEW ORLEANS—A digital app may look great, but if it doesn’t deliver a great experience and solve a need, it’s simply “art,” asserts Rahm McDaniel.
NEW ORLEANS—Don’t expect the wave of class actions lawsuits against credit unions to recede anytime soon, say experts who warn CUs lawyers are zeroing in where they see for their “deep pockets.”
WASHINGTON—A provision in the Economic Mobility Act of 2019 that would repeal the 21% excise tax imposed on certain not-for-profits’ fringe benefits and compensations plans that has been passed by the House Ways and Means Committee, a move that has drawn praise from NAFCU.
State Regulators Express Explicit Support For Fed Legislation Around Cybersecurity, Cannabis Banking
ARLINGTON, Va.–The National Association of State Credit Union Supervisors (NASCUS) and its Credit Union Advisory Council have approved new policies addressing cybersecurity and cannabis banking.
ALEXANDRIA, Va.–By a 2-1 vote, the NCUA board has voted to again delay the effective date for its risk-based capital rules, pushing back to Jan. 1, 2022 rules that were to go into effect on Jan. 1, 2020.
ALEXANDRIA, Va.–Prior to casting his dissenting vote against delaying NCUA’s risk-based capital rules any further, NCUA Board Member Todd Harper conducted a vigorous hour-long questioning of NCUA staff, raising prior statements made by those staff members that seemed to run counter to their new positions, probed for why a rule that applies to a tiny number of CUs is being pushed back again, and questioned why NCUA is trailing other regulators in taking action by nearly a decade.
WASHINGTON—CUNA has sent four different letters to Congress related to money laundering, diversity in the boardroom, cannabis banking, and appraisals.