LONDON—The European Commission is working on its biggest regulatory push on banking since the 2008 financial crash that could curb Britain’s access to the bloc, reported Reuters, citing an internal draft document the news outlet received.
Fresh Today
ALEXANDRIA, Va.—By 3-0 vote, the NCUA board Thursday approved a proposal that would raise the current nonmember deposit limit from 20% to 50%.
WASHINGTON–Both credit union trade groups have expressed support for so-called “stop and study” legislation that would delay implementation of FASB’s CECL standard.
ALEXANDRIA, Va.—The NCUA board is set to meet today and will discuss a proposed rule related to public unit and nonmember shares.
ARLINGTON, Va.—Credit union executives were more optimistic about the economy and their business in May than they were earlier this year, according to NAFCU's latest Economic & CU Monitor.
ARLINGTON, Va.—As existing home sales decreased for the second consecutive month in April – falling 0.4% to a seasonally adjusted annual rate of 5.2 million units – NAFCU Research Assistant Dhruv Singh described the trend as "concerning."
WASHINGTON—Both CU trade groups have stepped up their opposition to an announcement by the FCC on June 6 that it will consider a declaratory ruling and Third Further Notice of Proposed Rulemaking (TFNPR) that would allow both voice service providers to automatically block suspected robocalls unless a consumer opts out.
WASHINGTON—Banking associations from all 50 states and one U.S. territory are calling on the Senate Banking Committee to advance bipartisan legislation that would protect financial institutions that service marijuana businesses from being penalized by federal regulators.
ARLINGTON, Va.–NAFCU has sent a letter to the Department of Labor's (DOL) saying its revised overtime rule proposal is "a substantial improvement" over the previous rule and that the proposed salary level is "reasonable."
WASHINGTON — The Office of the Comptroller of the Currency (OCC) has released a new report updating its views on risk related to credit, operations, compliance, and interest rates, and also addresses risks related to fintechs.