ARLINGTON, Va.—NAFCU Thursday sent a letter to NCUA expressing its support for the recently introduced Financial Services for the Underserved Act of 2016 (HR 5541).
Fresh Today
LAKE FOREST, Ill.—One economist termed the U.K. vote to leave the European Union “a general uprising,” and outlined a number of issues credit unions should watch for as a result of the decision—including checking balances leaving the institution.
WASHINGTON—The United Kingdom’s historic vote to leave the European Union should not have any long-term negative effects on the U.S. economy and on credit unions, but in the short term expect market volatility and increasing deposits, say CU economists.
ELKO, Nev.–Doug Schwartz, president and CEO of Elko Federal Credit Union here, was killed by a hit-and-run driver.
SAN JOSE–New data show the percentage of Americans with subprime credit scores declined to the lowest level in more than a decade.
WASHINGTON–From the Irony Dept: Fannie Mae is being chastised for attempting to purchase more home than it can afford.
WASHINGTON—CUNA plans to introduce a CU distributed shared ledger platform—or blockchain at its America's Credit Union Conference in Seattle next week.
WASHINGTON—NAFCU is urging House leaders to retain a handful of provisions that it has been seeking – some relating to the CFPB and the Federal Communications Commission’s Telephone Consumer Protection Act rules – in the text and accompanying report language for a fiscal 2017 spending bill slated for House action this week.
ISSAQUAH, Wash.–Costco’s switch from American Express cards to Visa has not gone smoothly, with social media filled with complaints about the new accounts.
WASHINGTON–The U.S. Office of the Inspector General reported it has begun an audit of the Federal Reserve's effectiveness when it comes to ensuring U.S. banks have robust information security policies, procedures and practices in place, including the ability to quickly detect and respond to data breaches.