NEW YORK–Commercial real estate prices are projected to fall as much as 5% in the next 12 months amid tightened regulations, a wall of debt maturities and property sales by publicly traded landlords, according to a new report by Pacific Investment Management Co. (PIMCO).
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RALEIGH, N.C.—The North Carolina Senate Finance Committee met last week to consider a proposed bill that would, among other things, clarify the state’s regulation of virtual currency and distributed ledger-related businesses.
BISMARCK, N.D.–The Credit Union Association of the Dakotas has introduced a new “Member Engagement Rewards Program,” or MERP. According to the association, the program initiative amounts to $10,000 in member rebates and rewards for credit unions engaging in CUAD activities and programs, MERP has been in the works since the middle of 2015, according to CUAD.
BELFAST, Ireland–More than 100 women from around the world are expected to convene for the Global Women’s annual Forum event, which will be held as part of the 2016 World Credit Union Conference here.
LANSING, Mich.– CU Solutions Group, in collaboration with the Michigan Credit Union League, CUNA and League InfoSight, has introduced DestinationCompliance, a single online portal through which credit unions can access all the support, insight, education and tools needed to help meet regulatory requirements, the company said.
MONETT, Mo.––SkyOne FCU will be among the first to roll out new functionality from JHA Payment Solutions, a unit of Jack Henry, including expanded iPay Consumer Bill Pay features and functionality, powered by Inlet.
ANN ARBOR, Mich.–Michigan Business Connection (MBC) has introduced the new logo for the fifth annual CU Lunch Local program, scheduled for Oct. 18, 2016 in conjunction with international Credit Union Week.
BIRMINGHAM, Ala.–The former CEO of Birmingham Financial FCU and several other organizations has been found guilt of 98 counts of conspiracy, wire fraud, bank fraud and money laundering.
ATLANTA—Home Depot has filed an antitrust lawsuit in federal court against Visa and MasterCard.
WASHINGTON—Credit unions may gain more insight into the Federal Reserve’s interest rate intentions this year when Fed Chair Janet Yellen testifies before the Senate Banking Committee today.