WASHINGTON— The Independent Community Bankers of America and credit unions seem to agree on one thing: opposing the consolidation of the nation’s banking regulators.
Fresh Today
WASHINGTON—The Digital Assets Subcommittee is being asked to recognize the unique needs of credit unions as it develops policies around digital services.
WASHINGTON—The Defense Credit Union Council said it continues to advocate for credit unions' ability to offer improved and expanded financial opportunities to veteran entrepreneurs and military families by urging legislative and regulatory reforms.
ALEXANDRIA, Va.—With the Trump Administration calling for deep staff cuts at federal agencies, the NCUA board Thursday noted if such reductions are made at the agency, the normal operating level of the NCUSIF may need to be raised.
TAMPA, Fla.— Trellance has restructured, the company reported.
RICHMOND, Va.—At the same time legislators in Washington are proposing a 10% cap on credit card interest, the State of Virginia is now considering legislation designed to limit the interest charged on consumer credit.
MARION, Ind.—The $577-million Via Credit Union here may have suffered a data breach.
WASHINGTON—Republican lawmakers on the House Financial Services Committee have proposed five recommendations to the FDIC aimed at clarifying digital asset regulations and addressing alleged debanking. Their suggestions include removing reputational risk as a supervisory factor and requiring all supervisory guidance to undergo external, periodic review, the ABA Banking Journal reported.
CHICAGO—It appears that the Tooth Fairy is immune to inflation—as new data show payouts for lost teeth have dropped 14% in the past year.
NEW YORK—Two recent consumer trends indicate borrowers’ ability to make payments is getting stretched.