ALEXANDRIA, Va.—Low-income designated credit unions show more signs of impact from NCUA’s Office of Small Credit Union Initiatives services than non-LID CUs, and the OSCUI would be more effective to continue to serve the previous ($10 million) definition of small CUs.
Fresh Today
WATERBURY CENTER, Vt.—Five solar companies from across the U.S. are seeking to form Clean Energy FCU, with a goal of launching operations sometime in 2016.
WASHINGTON–CUNA has cautioned the Department of Labor that its new proposal could put a “chill” into the ability of CUs and other financial institutions to offer retirement products.
WASHINGTON–The Federal Reserve has announced the members of the steering committees of both the Faster Payments Task Force and Secure Payments Task Force, with one CU on each task force.
BISMARCK, N.D.–Cooperatives across North Dakota, including credit unions, will be at the State Fair today to mark the Annual Co-op Day.
MINNETONKA, Minn.—Professionals who work with older Americans are sounding the alarm when it comes to seniors’ financial health, according to a new study.
WASHINGTON—The Consumer Financial Protection Bureau has ordered Citibank and its subsidiaries to provide an estimated $700 million in relief to eligible consumers harmed by illegal practices related to credit card add-on products and services.
WASHINGTON–The credit union trade groups have been meeting with the staff of members of the Congress who will be part of a hearing later this week on NCUA and its budget.
WASHINGTON–The Federal Reserve Board on Monday approved a final rule requiring the largest, most systemically important U.S. bank holding companies to further strengthen their capital positions.
CHICAGO–Several major retailers, including CVS and Rite-Aid, have shut down their online photo processing after learning that customer’s credit card data may have been breached as a result of a common third party.