ARLINGTON, Va.—NAFCU is offering a webinar Tuesday to help credit unions determine whether a merger should be part of their strategic growth plans.
Fresh Today
LONDON—A G7 taskforce is being created to examine how central banks can regulate cryptocurrencies such as Facebook’s Libra, a new report indicates.
BASEL, Switzerland—The head of the Bank for International Settlements is predicting central banks' digital currencies (CBDC) may become a reality more quickly than many expect.
KERRY, Ireland–The financial services company Fexco and 16 of Ireland’s largest credit unions have embarked on a €10 million collaboration.
WAGNER, S.D.–Fort Randall FCU has introduced new branding as it seeks to create greater consistency in its advertising.
GARDNER, Mass.—GFA Federal Credit Union and its cannabis banking unit, Safe Harbor of Massachusetts and New Hampshire, said it has entered into partnerships with investment management and insurance providers to deliver turnkey financial solutions customized for cannabis in the two states.
SALT LAKE CITY—Utah recently launched a regulatory sandbox that will enable fintech startups to test new products and services without getting a license.
NEW ORLEANS—With New Orleans in the direct path of Tropical Storm Barry, residents are being urged today to gather three days of supplies and be ready to shelter in place tonight—and a number of credit unions near the Gulf Coast are taking precautions as well.
NEW YORK–The former president of a defunct credit union that specialized in taxi medallion loans, as well as a member of the credit union, have been arrested and charged with committing one of the largest and long-lasting frauds in credit union history, with allegations including the personal approval of more than $185 million in questionable loans, free luxury trips and other travel for himself and wife from the New York Jets and other vendors, a free residence, a bogus naming rights deal, and even free limousine rides for himself and his extended family.
WASHINGTON–CUNA sent separate letters to the House Financial Services Committee ahead of markup of two bills. CUNA offered support for HR 2852, the Homebuyer Assistance Act of 2019, and HR 281, the Ensuring Diverse Leadership Act of 2019.