WASHINGTON—With the Department of Labor (DOL) announcing a “phased implementation” of its fiduciary rule through Jan. 1, it raises the question of what will be required of credit unions between the June 9 effective date and then?
Fresh Today
ARLINGTON, Va.—May vehicle sales – which dropped to 16.66 million seasonally adjusted, annualized units from April's 16.88 million – marks the fifth straight month of year-over-year sales declines, said NAFCU Research Assistant Yun Cohen.
WASHINGTON—Friday’s jobs report – which showed only 138,000 jobs added in May – is still likely to keep the Federal Reserve on track to raising interest rates later this this month, said NAFCU Chief Economist and Director of Research Curt Long.
ST. PETERSBURG, Fla.–PSCU said it partnered with Free Arts for Abused Children of Arizona (Free Arts), a nonprofit organization, to host an art installation and employee painting event at its Phoenix Operations Center.
HAUPPAUGUE, N.Y.–CU Xpress Lease plans to host a webinar on June 7 titled “Why Leasing? Why Now?” The webinar will begin today at 2 p.m.
LONDON–A new report is forecasting that electric cars will make transportation so inexpensive that by 2030 95% of the passenger miles traveled in the U.S. could take place in on-demand, autonomous electric vehicles owned by fleets rather than in individually owned cars.
WINSTON-SALEM, N.C.–Truliant Federal Credit Union has introduced a new ad campaign that seeks to capitalize on bank consolidations that have been taking place in the state’s biggest city, Charlotte, and other parts of the state.
DALLAS–Credit unions are being cautioned that loans they may now approve could be the same loans that would have been denied just days earlier.
WASHINGTON—The Federal Financial Institutions Examination Council (FFIEC) recently released updates to the Cybersecurity Assessment Tool, updating the council's Information Security and Management booklets and response options.
BURLINGTON, Vt. – Vermont Heritage Financial Group, a wholly owned subsidiary of Vermont State Employees CU, said it is partnering with Vermont Works, a new Vermont investment firm that plans to invest $50 million in Vermont companies through its social impact fund.