WASHINGTON—The NAFCU board this week met with Federal Reserve Vice Chairman of Supervision Randal Quarles to present findings from the association's 2018 Report on Credit Unions and to discuss issues critical to the credit union industry.
Fresh Today
WASHINGTON—A nearly 300-page tax bill has been introduced in the new Congress that would affect Americans' retirement savings, numerous business tax breaks and even redesign the Internal Revenue Service–but it does not include any changes to a new tax on compensation for some credit union executives.
VENTURA, Calif.–With the most recent of the devastating fires in California still burning but now all contained, credit unions in the affected areas continue to offer assistance as both the CUs and their members sort through the extensive damage and work to recover.
NEW YORK—As merchant acquirers prepare for an expected landslide of holiday purchase transactions, they might notice more big-ticket spending will be originating this year from mobile devices, according to Comscore.
WASHINGTON—Senate leaders are being urged to act on legislation to extend funding for the National Flood Insurance Program (NFIP) before it expires at midnight Friday.
CINCINNATI—Car lease credit applicants registered a 70.9% approval rate in October, a slight rise from the September rate of 69.8%, Swapalease.com reports.
NEW YORK—The use of Bitcoin for commercial payments has dropped dramatically this year, even as the original digital coin starts to fulfill one of the basic features of any payment currency: stability, reports Reuters.
COLUMBUS–Ohio is on the verge of becoming the first state to accept Bitcoin for tax bills.
WILLIAMSVILLE, N.Y.–Western Division Federal Credit Union said it will pay out more than $750,000 to its members as part of a "patronage dividend."
BASEL, Switzerland—The number of worldwide correspondent banking relationships continues to decline, according to new figures released by the Financial Stability Board (FSB).