Fresh Today

Fresh Today

SHELTON, Conn.–Mutual Security Credit Union here has named a new president. The $307-million MSCU has selected Henry Baum to lead the organization.

WASHINGTON—At a time when the Office of the Comptroller of the Currency and the FDIC are looking at giving federal bank licenses to fintechs, the Federal Reserve isn’t keen on giving them access to the financial infrastructure.

WASHINGTON—New House Financial Services Committee Chairwoman Maxine Waters (D-CA) has outlined issues she'd like to address in the 116th Congress and specifically said she plans to maintain transparency and access to the mortgage market to ensure credit unions and community banks are not disadvantaged.

WASHINGTON–The new Democratic  members of the House Financial Services Committee have officially been named.
The committee will be keeping a  "watchful eye" on financial regulators to ensure they punish bad actors and do not weaken key regulatory protections, said the committee’s new chairman, Rep. Maxine Waters (D-CA).