DETROIT–Diversified Members Credit Union (DMCU) said it is partnering with Eastern Market Corporation to expand and create opportunities for small businesses in the local food industry in Southeast Michigan.
Fresh Today
WASHINGTON—House Financial Services Committee Chairwoman Rep. Maxine Waters (D-CA) and ranking member Rep. Patrick McHenry (R-NC) have introduced legislation to extend the National Flood Insurance Program (NFIP) through Sept. 30. The current authorization is set to expire on May 30.
ARLINGTON, Va.– NAFCU has named eight winners in its 2019 Annual Awards Competition, which honors member credit unions and credit union professionals and volunteers for excellence and achievement in the industry.
ORLANDO, Fla. — Nacha has introduced the Nacha Corporate Experience, which it is describing as a new way of demonstrating how businesses can more effectively exchange payments and information.
NEW YORK–Registration has opened for Inclusiv’s 2019 Conference. The meeting is scheduled for Sept. 16-18 in Los Angeles.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has issued new guidance around so-called convertible virtual currencies.
WASHINGTON—Federal Housing Finance Agency (FHFA) Director Dr. Mark Calabria said he expects Fannie Mae and Freddie Mac (GSEs) to be released from government conservatorship.
ALEXANDRIA, Va.—NAFCU staff met with NCUA's Office of Examination and Insurance here to discuss various concerns related to the Financial Accounting Standards Board's (FASB) current expected credit loss (CECL) standard. Among those participating were NAFCU EVP/General Counsel Carrie Hunt, VP-Research/Chief Economist Curt Long, Director of Regulatory Affairs Ann Kossachev, and Senior Counsel for Research and Policy Andrew Morris.
WASHINGTON—Total consumer credit has slowed a bit, growing by 3.1% in March (seasonally adjusted, annualized), While the CU number is up 4.9% versus a year ago, other lenders saw decreases during March.
MIAMI BEACH, Fla.–Succeeding in the current marketplace, one rife with sophisticated digital offerings, can be made easier by listening to the original business consultant: your mother.