ALEXANDRIA, Va. – Federally insured, low-income credit unions that want to become certified Community Development Financial Institutions can apply to use NCUA’s qualification process for streamlined CDFI certification from Jan. 13 through Feb. 9, the agency said.
Fresh Today
WASHINGTON—Two members of the House of Representatives have introduced bipartisan legislation that would provide regulatory guidance for cryptocurrencies and exclude them from being defined as a security under the law.
MADISON, Wis.—The Wisconsin Office of Credit Unions has notified the state’s CUs it plans to pay more attention to credit unions' liquidity management.
WASHINGTON—January brings with it comment deadlines for proposed rules from both NCUA and the Federal Housing Finance Agency. The NCUA proposals involve bylaws and fidelity bonds, while the FHFA proposal deals with amendments to Federal Home Loan Bank (FHLB) housing goals.
BROOKLYN, N.Y.––The Best Bank and the Best Credit Union in the U.S. have been named by MyBankTracker.com as part of its annual Best of Banking Awards for 2019.
LONDON—Barclays is the first bank in the U.K. to allow its customers to block payments to pubs, restaurants and gambling sites in an attempt to address consumer debt.
GUAYNABO, Puerto Rico – Police in Puerto Rico said they arrested a police officer after he took a hostage inside a credit union here. The hostage was eventually released unharmed.
NEWCASTLE, Okla.–Police are on the lookout for one man who is suspected of using a skimmer to steal money from CU members, while another man has been arrested after a GPS device helped police find the alleged robber.
WASHINGTON – The U.S. Court of Appeals for the Fourth Circuit has dismissed a lawsuit filed against Department of Labor FCU that alleged its website violated accessibility standards under the Americans with Disabilities Act (ADA).
NEW YORK–The American Bankers Association is objecting to the sudden announcement of a merger between Progressive Credit Union, a taxi medallion-lending CU that has struggled with profitability, and Pentagon Federal Credit Union, saying the move hurts both taxpayers and small credit unions.