WASHINGTON–A credit union executive here told the Senate Banking Committee it’s time for Congress to pass the SAFE Act, as the current situation related to banking cannabis businesses is a growing safety and risk concern.
Fresh Today
WASHINGTON–While Robert Mueller’s testimony on Capitol Hill on Wednesday will dominate news coverage this week, credit unions are paying attention to several other hearings, including one at which a credit union executive will testify.
WASHINGTON—The Financial Accounting Standards Board, which issued the current expected credit loss (CECL) standard, has issued a second CECL question-and-answer document about the standard.
NEW YORK—Sixty New York City taxi medallions sold in auction on July 17 for $110,500 per medallion, below the already depressed prices seen recently in other auctions.
WASHINGTON—New bipartisan legislation introduced in the Senate would establish an interagency working group tasked with developing accountability metrics to enhance cybersecurity protocols and protecting federally-funded research and development activities from foreign interference, espionage, and exfiltration.
WINSTON-SALEM, N.C.—Long-tine CEO Marc Schaefer, who played a key role in the history of credit unions, announced he is retiring at the end of 2019.
WASHINGTON–Equifax has reached an agreement with the Federal Trade Commission to pay up to $700 million to state and federal regulators in order to settle investigations into its massive 2017 data breach.
ARLINGTON–Neighborhood Credit Union has once again surprised a member who arrived at a branch and was handed a $10,000 prize check. The most recent member to win in Neighborhood CU’s Prize Savings Account promotion is Tabitha Giddings.
WASHINGTON – As a result of a working group established by the U.S. Department of the Treasury’s Office of Terrorism and Financial Intelligence, the federal bank regulatory agencies and the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) have issued a joint statement on their risk-focused approach to Bank Secrecy Act (BSA)/anti-money laundering (AML) supervision.
ALEXANDRIA, Va.–United States Senate FCU has named its new headquarters building after a long-time and legendary Capitol Hill staffer, an honor that received national media coverage from CBS This Morning.