ALEXANDRIA, Va.–One day after a board meeting at which NCUA confirmed the share deposit fund had paid out nearly three-quarters of a billion dollars during the third quarter to cover costs related to CU failures, the agency has confirmed the names of the half-dozen CUs that have failed in 2018.
Fresh Today
WASHINGTON–Rep. Maxine Waters (D-CA), who will chair the House Committee on Financial Services when the new Congress begins in January, said the days of easing banking regulations are over.
ARLINGTON, Va.—Overall consumer prices rose 0.3% in October – the largest increase since January – and year-over-year growth picked up to 2.5%.
WASHINGTON—Federal Reserve Vice Chairman of Supervision Randal Quarles is acknowledging that implications of the Financial Accounting Standards Board's (FASB) current expected credit loss (CECL) standard aren't completely understood, but said the phased-in implementation of the standard should help mitigate issues.
WASHINGTON—More than half (52%) of credit union CEOs are female, according to CUNA research, a figure that compares to only 5% of commercial bank and 6% of Fortune 500 CEOs. The numbers were released as part of a CUNA policy analysis issue brief.
ST. PETERSBURG, Fla.–PSCU has released a new study, “Eye on Payments,” that surveyed credit union members and non-members about their payments preferences, highlights the ways consumers apply these needs and desires to their choice in payment methods, and further provides key information about the factors that influence consumers on a daily basis.
WASHINGTON–The FDIC is seeking comment as part of a “Request for Information” (RFI) on consumer demand for small dollar lending products at federally insured banks and savings associations.
TOKYO–Sony, which has applied for several blockchain-related patents, has rolled out a cryptocurrency hardware contactless wallet.
SEATAC, Wash.—Five Northwest credit unions that have been working to improve access to housing have received $120,000 in planning grants from the Northwest Credit Union Foundation.
ST. JOSEPH, Mich.–The $2.6-billion United Federal Credit Union here said it has joined CO-OP Shared Branching. The credit union will add its nine branches to the network.