NEW YORK—The competition for remittances keeps getting tougher.
Fresh Today
MIDDLETOWN, Penn.–Vizo Financial Corporate Credit Union will host a webinar today titled, “Let’s Agree to Agree: ACH Origination Agreements." The webinar will run from 10 a.m. -11:30 a.m. ET.
WASHINGTON–Federal Reserve Chairman Jerome Powell said the strength of the economy is giving the central bank flexibility to be patient when it comes to cutting rates.
WASHINGTON — In a comment letter filed today with the Consumer Financial Protection Bureau, the American Bankers Association and all 52 state bankers associations outlined the reasons why they believe the market for overdraft services is already transparent and competitive, “directly challenging the basic premise behind the Bureau’s misguided proposal to impose additional regulation on overdraft protection services.”
ALEXANDRIA, Va.—In the wake of a law in California that requires disclosures of data on income from overdrafts and NSFs at state-chartered CUs, America’s Credit Unions said it is “actively engaging” with NCUA on its call report changes that would require similar disclosures from certain credit unions.
ROME, N.Y.–With 12 of its branches to be in the “path of totality” during April 8’s solar eclipse, AmeriCU Credit Union has announced a number of related social media giveaways, financial center celebrations, loan discount offers, and new “totality” awesome checking accounts.
WASHINGTON—The Beneficial Ownership Information (BOI) database established under the Corporate Transparency Act (CTA) should provide significant and important relief for credit unions from the Financial Crimes Enforcement Network’s (FinCEN) customer due diligence (CDD) requirements, America’s Credit Unions wrote.
WASHINGTON–The most frequently cited consumer complaints directed against banks during 2023 were violations of truth in lending and flood insurance regulations, according to a new report from the FDIC.
SILICON VALLEY, Calif.–Two more credit unions have announced sponsorship tie-ins with professional sports franchises.
LANSING, Mich. — The Michigan Credit Union League (MCUL) said it has entered into a partnership with WithClutch, a fintech platform that is designed to help consumers to refinance high-interest consumer loans through an easy and digital process.