WASHINGTON–The credit union tax exemption has survived the final version of the tax reform bill approved by the House Ways and Means Committee and debate now moves to the Senate.
Fresh Today
BRIARWOOD, N.Y.—Massive losses from bad taxi medallion loans have wiped out the net worth of Melrose Credit Union, reports one analyst.
WASHINGTON—The Senate Judiciary Committee took a deep dive into what some are calling lawsuit abuse against America's small businesses during a hearing this week – specifically mentioning frivolous lawsuits filed under the Americans with Disability Act (ADA).
WASHINGTON—Members of the Senate Commerce, Science, and Transportation Committee indicated their support of a national data security standard during another congressional hearing on consumer data security in the wake of the massive Equifax data breach.
WASHINGTON—Total consumer credit rose at a seasonally adjusted annual rate of 6.6% in September – the fastest pace since last November, noted NAFCU Chief Economist and Vice President of Research Curt Long.
SEATTLE–More than 45,000 members of BECU have had their loan interest rates lowered thanks to efforts to improve their credit scores and make timely payments. As a result, the lowered rates will mean savings of more than $3.6 million for those members.
PALM DESERT, Calif.–Four fintechs that are either partnering with credit unions or seeking to partner with CUs shared insights on their solutions during the California and Nevada League’s REACH Conference.
MUSKEGO, Wis. – A new video released by InterLutions CUSO explains how credit unions can now access healthcare big data that it says will help HR staff create more attractive and affordable employee benefit packages.
WASHINGTON—Despite some concerns about the economy in 2018—including rising market interest rates, worries over tax reform, and the heightened potential for trade war and geopolitical risks—credit union loan portfolios are on track to grow more than 10% for the fourth consecutive year, reports one analyst.
SACRAMENTO, Calif.–A group put together by California’s state treasurer has issued a report that calls for a multi-state consortium to advocate for removal of federal legal and regulatory roadblocks to financial institutions offering banking services to the marijuana industry.