WASHINGTON—Banks eased lending terms pertaining to maximum loan size and the spread of loan rates on all major commercial real estate loan categories, including construction and land development, nonfarm nonresidential and multifamily loans, according to the Federal Reserve's first-quarter Senior Loan Officer Survey.
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FORT LAUDERDALE Fla.—Vendor management is among the big challenges for many credit unions, but simply comparing invoices to the contractual agreement can often save credit unions a lot of money, according to Bill Lehman.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) is saying that cryptocurrencies will not get an enforcement “pass.”
ALLENTOWN, Penn.—NAFCU has filed its ninth amicus brief in support of credit unions facing litigation over unclear website accessibility requirements under the Americans with Disabilities Act (ADA). NAFCU's latest filing is the second in a case against APCI Federal Credit Union here.
SEATTLE—Amazon.com is offering to pass along the discounts it gets on credit card fees to other retailers if they use its online payments service. The move is a new threat to PayPal Holdings Inc. and card-issuing banks, Bloomberg said.
RALEIGH, N.C.–Coastal Credit Union is placing its name on three new venues, as it has entered into multi-year sponsorship deals with the Durham Bulls of minor league baseball, the National Women’s Soccer League’s North Carolina Courage, and with Kane Realty Corp., owners of Midtown Park at North Hills in Raleigh, N.C.
WASHINGTON–The Consumer Federation of America is blasting a decision by Mick Mulvaney, acting director of the Bureau of Consumer Financial Protection, to shut down its Office for Students and Young Consumers, noting Americans’ student loan debt now tops $1.5 trillion.
NEWPORT BEACH, Calif.—Pete Snyder, who served as a long-time NACUSO board member and chair, has passed away following a long battle with prostate cancer, the organization stated.
WASHINGTON–Today is the deadline for compliance with the customer due diligence rules of the Bank Secrecy Act. Even credit unions that do no business with the various sophisticated entities the regulation is designed to address are being reminded they still need policies and procedures in place in response to the guidance.
SAN DIEGO–To encourage new checking accounts, San Diego County Credit Union has partnered with Major League Baseball’s Los Angeles Angels to give away tickets to games.