ALEXANDRIA, Va.—A highway funding bill cleared by the House Wednesday would create new requirements for mortgage reporting to the Internal Revenue Service—and add to the regulatory burden of CUs, NAFCU contends.
Fresh Today
WASHINGTON–A bill has been filed in Congress that would exempt all financial institutions of $10 billion or below in assets from the rules and regulations promulgated by the CFPB.
WASHINGTON–In her semi-annual appearance before Congress yesterday, Federal Reserve Board Chairman Janet Yellen indicated the Fed is not poised to raise interest rates, but again hinted it might prior to year-end.
DENVER–One analyst who believes NCUA oversight over third-party vendors is inevitable is encouraging credit unions to drive the process rather than letting regulators do so.
WASHINGTON–CUNA told the Committee on Ways and Means that it is greatly concerned with the mortgage reporting offset included in the Highway and Transportation Funding Act of 2015.
MUSKEGO, Wis. — Corporate Central CU here has launched InterLutions LLC, a CUSO that will focus on business solutions for the credit union community, starting with healthcare services.
MALVERN, Penn. –– Akcelerant, a Temenos company and provider of software and services to the financial industry, reported that Pennsylvania State Employees Credit Union (PSECU) has signed as an Akcelerant Framework loan origination customer.
ANCHORAGE, Alaska—Alaska USA FCU is partnering with the NFL, Visa and the Alaska Department of Education and Early Development to launch Financial Football in this state.
TAMPA, Fla.– Card Services for Credit Unions (CSCU) will host two webinars, including one at 11 a.m. ET today, to introduce credit unions to a new three-tiered, cost-effective solution called Optimize by CSCU, which is aimed at improving card programs.
ARLINGTON, Va.—Federal share insurance coverage should be passed-through to certain prepaid card accounts, similar to that coverage provided for IOLTA accounts and similar escrow accounts, NASCUS told NCUA in a comment letter.