WASHINGTON—Sens. Mike Rounds (R-SD) and Heidi Heitkamp (D-ND), both members of the Senate Banking Committee, have introduced a bill that would increase the reporting threshold for open-end lines of credit and closed-end mortgages under the Home Mortgage Disclosure Act.
Fresh Today
COLUMBIA, S.C.–Interstate branching for South Carolina state credit unions has become more accessible with the signing by the state of a cooperative agreement with 10 other states, according to Robert L. Davis, Commissioner of Banking with the South Carolina State Board of Financial Institutions.
HERNDON, Va.– With fewer than 100 days remaining until the effective date for same-day debits, 92% of respondents will be ready to originate same-day debit transactions on the effective date, and 63% have reported that their clients have a high to medium interest in originating Same Day ACH debits, according to NACHA–The Electronic Payments Association.
ATLANTA—Bitcoin payments processor BitPay has announced it is rolling out its prepaid Visa debit card with bitcoins to 132 countries across the world.
NEW YORK–New York City has suspended Wells Fargo from its municipal debt issuance operations.
GREEN BAY, Wis.–The $113-million Harbor Credit Union here is merging into the $1.3-billion Fox Communities CU in Appleton, Wis.
SANTA ROSA, Calif.- Redwood Credit Union reported it has introduced a new P2P solution, RCUpay, a fast, easy, and secure way for people to send or receive funds using a mobile device.
WASHINGTON—The House Rules Committee this week voted 9-4, along party lines, to clear the Financial CHOICE Act for House floor consideration, with a final vote expected today.
WASHINGTON—With Congress preparing to vote today on HR 10, the “Financial CHOICE Act of 2017,” which seeks to repeal a number of consumer protections implemented under the Dodd Frank Act, a new poll commissioned by the National Council of La Raza shows Latino voters continue to be concerned about financial industry practices and strongly support the role of the CFPB.
CHICAGO—A new report suggests that the taxi industry in Chicago, home to the country’s second-biggest taxi fleet, may be close to going out of business due to ride sharing services.