WASHINGTON—President Obama has threatened to veto a bill that would establish a new Small Business Advisory Board to the CFPB.
Fresh Today
ST. PETERSBURG, Fla.—As recently as six months ago credit unions were wringing their hands over what to do about the Merchant Customer Exchange, or MCX, a payments channel being developed by merchants that will disintermediate CUs and other financial institutions from the payments process.
BIRMINGHAM, Ala.— A former NCUA chairman believes NCUA’s final associational common bond rule is an improvement over the original proposal, but also believes how the effects are felt will depend on how the agency interprets the rule when CUs ask to add an association.
TUSCALOOSA, Ala.—A court hearing has been set here as Alabama One Credit Union seeks a temporary restraining order against the Alabama Credit Union Administration, which has issued a cease-and-desist to the CU that calls for replacement of its senior management, among other actions.
KATHMANDU, Nepal. — Several credit union organizations around the world are seeking to provide aid and relief to their counterparts in Nepal in the wake of the devastating 7.9 earthquake here. The death toll from the earthquake is approaching 5,000 people, according to authorities.
OAK RIDGE, Tenn.—Y-12 CU is paying attention to the e-mail the FBI sent last week following the alleged kidnapping of the credit union’s CEO and family at their home, which advised local FIs to use caution and follow all security measures before, during and after the work day.
DENVER—Several credit unions have named new CEOs.
ST. PAUL, Minn.—Minnesota CUs moved one step closer to being able to offer prize-linked savings programs.
BOSTON—A new study shows that the Durbin Amendment hasn’t decimated debit rewards, as had been expected.
WASHINGTON—NCUA is among six federal financial regulatory agencies that have issued a final rule that implements minimum requirements for state registration and supervision of appraisal management companies (AMCs).