WASHINGTON—A provision in S. 2155 is designed to allow consumers easier access to online banking. And while no guidance has officially been issued yet, there appears to be some changes that could affect a credit union’s member identification policy under the Bank Secrecy Act, CUNA said.
WASHINGTON–With the Federal Reserve Open Market Committee in meetings this week at which a rate hike will be considered, a new analysis finds the six rate increases by the Fed since December of 2015 have cost credit card users an extra $8.23-billion in interest to date.
CAMBRIDGE, Mass.–Rapidly developing technologies are making it impossible for the Federal Reserve to fulfill its two congressional mandates, according to the former chairman of the Council of Economic Advisers under President Reagan who is now a professor at Harvard.
LANSING, Mich.–Just a little over a year since announcing that it was promoting Ken Ross to president and COO, the Michigan Credit Union League has now announced Ross is leaving the organization.
RANCHO CUCAMONGA, California – CO-OP Financial Services said it is planning to bring strategic and tactical learnings to help credit unions on their digital transformation journey through six, single-day “Roadshow” events running July-October across the country.
WASHINGTON–Five more states are holding primary elections today, with credit unions having taken an active position in just one of the races.
WASHINGTON—A North Carolina debt collection operation, Lombardo, Daniels & Moss, and its principals, Dion Barron and Charles R. Montgomery III, will be banned from the debt collection business under settlements resolving Federal Trade Commission charges that they used false threats to get people to pay for debts they did not owe, the FTC reported.
WASHINGTON–President Trump now has 10 days to nominate someone to replace BCFP Acting Director Mick Mulvaney before he is required to leave the job and return to his other position as director of the Office of Management and Budget.
TUKWILA, Wash.–BECU here has agreed to make its website and mobile banking app accessible to blind users following complaints from a national organization and local members.
NEEDHAM, Mass.–Direct Federal Credit Union has launched “Direct University,” a continuing education program for its employees.
