ARLINGTON, Va.—In response to recent attacks from the Independent Community Bankers of America (ICBA) challenging credit unions' federal tax exemption and the NCUA's actions as an independent regulator, NAFCU President and CEO Dan Berger argued that "the true nature of their request is political, and designed to stymie competition."
WASHINGTON—The Financial Accounting Standards Board (FASB) has moved forward a proposed accounting standards update to its current expected credit loss (CECL) standard.
ARLINGTON, Va.—What are the specific requirements Regulation Z imposes related to solicitations and advertisements for student loans?
MADISON, Wis.–Members of the World Council Young Credit Union Professionals (WYCUP) are now looking to replicate a model for youth committees established by the largest credit union system in Brazil and expand it worldwide.
GREAT FALLS, Mont.–Montana Federal Credit Union has announced a slight tweak in its name, as well as a new logo. Both were unveiled at the $247-million CU’s annual meeting.
WAUCHOPE, NSW, Australia–Members of Regional Australia Bank and Holiday Coast Credit Union here have approved a merger between the two institutions.
TAMPA, Fla.– GTE Financial has announced the rollout of a summer‐long initiative aimed at delivering a new debit and credit card experience for members. GTE Financial said it “meticulously researched” the member experience, breaking it down to 72‐touchpoints or interactions with members.
MECHANICSBURG, Penn.–Members 1st FCU here has introduced a new personal service for members called “My Concierge.”
NEW YORK—In a move to boost NFC payments in New York City, Mastercard has introduced “Fareback Friday.”
WASHINGTON—The CFPB has issued a final rulemaking to delay the Aug. 19 compliance date of its payday-lending rule by 15 months to Nov. 19, 2020.
