NEW DELHI, India—Apple has halted plans to bring digital payments to India, thanks in part to regulatory hurdles and challenges in creating a service that works with the UPI platform in the country.
Fresh Today
ARLINGTON, Va. – In a letter to the House Financial Services Committee, the National Association of State Credit Union Supervisors (NASCUS) has stated its opposition to legislation that would preempt state regulations regarding data breach notifications and fail to subject non-financial entities (such as retail establishments and consumer reporting agencies) to the same data breach standards as financial entities.
SUMTER, S.C.–Numerous credit union branches across the Carolinas are closed today as Hurricane Florence hits the southeastern U.S. Meanwhile, as the storm was approaching, one CU’s marketing department was able to raise funds for disaster relief using items it already had in stock.
ARLINGTON, Va. – Interstate branching for Michigan’s state-chartered credit unions has become more accessible after the state entered into a cooperative agreement with 11 other states.
FORT WASHINGTON, Penn. — Two credit unions in Pennsylvania have announced a merger, while in Michigan members of one CU have now signed off on a previously announced combination.
ARLINGTON, Va.—Credit unions' membership growth remains strong, while loan and share growth have continued to moderate, a new report reveals.
WASHINGTON—The Federal Housing Finance Agency (FHFA) has released a proposed rule on the uniform mortgage-backed security (UMBS) meant to improve the liquidity of Fannie Mae and Freddie Mac's to-be-announced eligible mortgage-backed securities (MBS).
WASHINGTON–Two bills that have the support of credit unions have advanced in the House.
MADISON, Wis.–One year after introducing a $15-an-hour “foundation wage” for its employees, UW Credit Union is reporting it has led to a “measurable impact on employee recruitment and retention.”
WASHINGTON—The Federal Reserve has finalized amendments to the liability provision of Regulation CC, creating a regulatory presumption for resolving disputes over certain potentially altered or forged checks.