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.
UPPER DARBY, Penn.–The 60-year-old PSTC Employees FCU has a new name.
RENO, Nev.— Firefighters First Credit Union placed third in the People’s Choice award at the 51st Annual International Chili Society World’s Championships here.
HUNTINGTON BEACH, Calif.–Nuvision Credit Union plans to it serve active military and veterans a free tank of gasoline and free breakfast on Veterans Day.
HARRISBURG, Penn.–Need some work done around your home? Call Patrick Conway, president and CEO of the Pennsylvania Credit Union Association.
MANILA, Philippines–A new payments service has debuted in the Philippines that allows the underserved, many without bank accounts, to make cashless POS payments.
WASHINGTON–The American Bankers Association has joined another bank trade group in calling for the credit union tax exemption to be eliminated as part of the tax reform bill working its way through Congress.
WASHINGTON—Randal Quarles, the Federal Reserve's recently seated vice chairman for supervision, said during recent remarks that the Federal Reserve should take "a fresh look at everything," including ways to better tailor regulations.
WASHINGTON—Various regulatory issues affecting the credit union community, including overdraft, the Home Mortgage Disclosure Act (HMDA) and unfair, deceptive, or abusive acts or practices (UDAAP), were discussed Tuesday by the NAFCU board and CFPB Director Richard Cordray at NAFCU’s headquarters.
