WASHINGTON—Credit unions must have confidence that AI innovation will not be penalized by “heavy-handed” regulation, America’s Credit Unions’ wrote to the National Institute of Standards and Technology.
Fresh Today
ALEXANDRIA, Va.– NCUA will hold a webinar today during which it said it will share “key points” about its 2024 supervisory priorities.
WASHINGTON—The Community Development Financial Institutions (CDFI) Fund will host a webinar today it said is designed to help organizations understand the requirements of its revised CDFI Certification Application.
NEW YORK–Mounting losses related to commercial loans are being felt by banks around the world.
MADISON, Wis.–Lending at credit unions slowed in November, the savings-per-member ratio appears to have bottomed out, loan quality will decrease this year, and CU membership grew at its slowest pace since 2020, according to the new Trends Report from TruStage.
WASHINGTON–The Federal Reserve’s Senior Loan Officer Opinion Survey (SLOOS) for January has found tighter standards and weaker demand for commercial and industrial (C&I) loans to borrowers of all sizes during Q4.
NEW YORK–While the future of branches remains the subject of debate, with credit unions coming down on both sides of the question, the nation’s largest banks are going all in on branch expansion.
LAWRENCEVILLE, Ga.—New vehicle sales, notably electric vehicles, made impressive gains in 2023, Black Book is reporting.
ALEXANDRIA, Va.–NCUA Chairman Todd Harper spoke to the Brookings Institution here, where in addition to a broad update on CU- and agency-related issues, he also indicated the agency will be giving greater scrutinty to overdraft programs.
WASHINGTON—Credit unions met this week with Federal Reserve Vice Chair Philip Jefferson to discuss a range of policy priorities, America’s Credit Unions reported.