FOSTER CITY, Calif.—Visa has approved a prepaid card backed by the cryptocurrency Monaco. The move is part of broader efforts by Visa to move into digital currencies.
Fresh Today
WASHINGTON–Employees at the Consumer Financial Protection Bureau this morning are now facing day two of “Who’s the Boss?”
Who’s In Charge At CFPB? CUNA, NAFCU Say It’s Mulvaney As They Request the Agency Take Certain Steps
WASHINGTON–With uncertainty now surrounding who is leading the Consumer Financial Protection Bureau, CUNA and NAFCU are making no secret of who they believe is in charge: Mick Mulvaney.
MADISON, Wis.–Credit union membership set a record during the first three quarters of 2017, while credit unions themselves are also seeing near-record loan-to-share ratios as many CUs are now reaching further down into credit files for new loans, according to a new report.
WASHINGTON–Loan growth at U.S. banks at the end of Q3 hit its lowest point since the end of 2013, according to data released by the FDIC.
WASHINGTON–With the House and Senate back in session this week, the attention of the credit union trade groups is on the leadership dispute at the CFPB and on the tax reform legislation as it works its way through the upper chamber.
WASHINGTON—In response to the CFPB's proposed policy guidance for disclosure of loan-level Home Mortgage Disclosure Act (HMDA) data, NAFCU is urging the Bureau to consider withholding some data in order to protect consumer privacy and limit the negative impact the new reporting requirements could have on credit unions and their members.
WASHINGTON–Nineteen credit unions have appealed the National Credit Union Administration’s decision to retain the bulk of the initial surplus resulting from the agency’s decision in September to merge the Temporary Corporate Credit Union Stability Fund (TCCUSF) into the National Credit Union Share Insurance Fund (SIF).
WASHINGTON—With Regulation Z identifying additional compliance requirements associated with loan transactions that are considered higher-priced, CUNA has broken down these requirements and identified the updated higher-priced mortgage loan (HPML) appraisal exemption threshold for 2018.
NEW YORK—The impact of plummeting taxi medallion values continues to spread across more New York City area credit unions.