Fresh Today

Fresh Today

CHICAGO—Today is April 1, better known as April Fools Day. In keeping with its position as a serious news organization, CUToday.info has opted not to report any of the following headlines: 

NEW YORK—It has been five years since the Federal Reserve lowered the cap on the debit card swipe fees that merchants have to pay to card issuers. Now, the National Retail Federation is requesting an even lower cap on fees to help merchants save even more money.

ALEXANDRIA, Va.–The National Credit Union Administration has issued two notices of prohibition to individuals who have been convicted of crimes of dishonesty and, as a result, are prohibited from participating in the affairs of any federally insured financial institution.

WOODBRIDGE, Va.–The $320-million Belvoir FCU said it will merge into the $20-billion PenFed Credit Union effective May 1.

RANCHO CUCAMONGA, Calif.–CO-OP Financial Services has added three new speakers it said will help attendees at its THINK 16 event deliver the technology and sense of social purpose to fulfill the fast-evolving credit union promise to members.

MADISON, Wis. – Today marks the launch of National Credit Union Youth Month. Sponsored by CUNA, this year’s theme is “Credit Union Strong.”

WASHINGTON—The CFPB will delay finalization of its proposal on prepaid products, possibly until May or June, according to several reports.