WASHINGTON—H.R. 1414, the bipartisan FinCEN Improvement Act, introduced by Congresswoman Jennifer Wexton (D-VA), has passed unanimously in the House. The legislation seeks to modernize the mission of the Financial Crimes Enforcement Network (FinCEN).
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WASHINGTON—Sen. Tim Scott (R-SC), during a Senate Banking Committee hearing with CFPB Director Kathy Kraninger, specifically noted the regulatory burden credit unions face under the Bureau.
CEDAR FALLS, Iowa–Forced by the state legislature to change its name, University of Northern Iowa Credit Union has unveiled its choice. The 64-year-old CU is changing its name to UNITE Credit Union, a play on the university’s abbreviation, UNI.
ONTARIO, Calif.–CU Direct said it has signed on with CUNA’s national awareness initiative, “Open Your Eyes to a Credit Union.” Although it did not provide a figure, CU Direct said it is providing financial support for the effort.
DES MOINES, Iowa—The Iowa Credit Union League’s holding company, Affiliates Management Company (AMC), has launched a cybersecurity training firm to serve credit unions.
SCOTTSDALE, Ariz. – A new study has found 50% of first-time P2P users are age 45 or older.
ALEXANDRIA, Va.—NCUA has released its 2018 Annual Report.
TALLAHASSEE, Fla.–A former loan officer with FSU Credit Union here has been indicted on federal charges of embezzling more than $800,000.
WASHINGTON—NCUA Board Member Rick Metsger believes there may be a chance to work with Congress to allow federal charters to take advantage of the field of membership rules in place for state charters in their respective states.
WASHINGTON–In remarks to CUNA’s GAC, Vice President Mike Pence moved back and forth on themes that wove support for the work credit unions do with remarks on other national issues, such as border security, the “Green New Deal” and red meat topics such as taxes and deregulation.