FRISCO, Texas–Credit unions here got a different perspective—in this case, from the banking industry—on what’s happening in fintech, why banks don’t have the advantages many in CUs believe they do, and on what’s coming at the market for which many are unprepared.
Fresh Today
FRISCO, Texas–A fintech that helps make it easier to deal with the myriad number of legal, financial and just everyday life issues that follow someone’s death has won the top prize following pitch presentations to the VentureTech conference here.
WASHINGTON—The Consumer Financial Protection Bureau is proposing to supervise larger nonbank companies that offer services like digital wallets and payment apps.
ALEXANDRIA, Va.–NCUA has awarded $400,000 in Community Development Revolving Loan Fund grants to support innovative credit union pilot projects.
WASHINGTON—The CFPB is being urged by CUNA and NAFCU to hold a new Small Business Regulatory Enforcement Fairness Act (SBREFA) Panel where small entity representatives (SERs), which includes credit unions, can better estimate the impact of the proposals in its Fair Credit Reporting Act (FCRA) rulemaking effort and the potential costs on operations.
ST. JOSEPH, Mich. — A merger between two credit unions that would cross state lines is being proposed.
WASHINGTON—NAFCU’s board of directors and senior staff met with Federal Reserve Board Governor Michelle Bowman this week to share the association's 2023 Annual Report on Credit Unions, which details the latest issues and trends affecting credit unions and the “impact of Fed actions.”
WASHINGTON—The Department of Commerce’s Bureau of Industry and Security (BIS) and the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) have issued a joint notice highlighting a new Suspicious Activity Report (SAR) key term.
WINSTON-SALEM, N.C.–Truliant FCU has announced plans to lay off approximately 30 employees over the next few months.
HERNDON, Va.– Northwest FCU said it has entered into partnership with Sam Howell, quarterback of the NFL’s Washington Commanders. The news follows Northwest’s recent announcement of becoming the Official Credit Union of the Washington Commanders.