PORTLAND, Ore.– Following what they described as a successful inaugural event, Inclusiv, Unitus Community Credit Union, and Point West Credit Union have announced plans to host an annual Northwest Juntos Avanzamos Roundtable each year to facilitate discussions around inclusive financial practices.
Fresh Today
SEOUL, South Korea—In a move aimed at improving consumer protections, the South Korean government is requiring crypto exchanges in this country set aside a minimum of three-billion won—approximately $2.3 million—in bank accounts as a safeguard.
WASHINGTON– During the same week numerous credit union groups are in Washington lobbying against the Credit Card Competition Act, the Merchants Payments Coalition is praising remarks on the Senate floor by sponsors of the legislation who blasted Visa and Mastercard’s reported plans to increase credit card swipe fees by more than $500 million beginning in October.
WASHINGTON—Extending debit interchange restrictions to credit cards, such as those proposed in the Credit Card Competition Act, could lead to higher costs for consumers, and as a result, Congress should rethink taking such action, a new study suggests.
WASHINGTON–The president emeritus of the Tax Foundation blasted the credit union tax exemption in an opinion piece in the Wall Street Journal, arguing CUs have “discarded their mission of serving people of modest means and have become profit-seeking enterprises masquerading as tax-exempt nonprofits.
WASHINGTON—Sen. Bill Hagerty (R-TN) told attendees at NAFCU’s Congressional Caucus he understands credit unions’ frustrations with the CFPB and the cost of keeping up with regulations.
WASHINGTON—Federal Housing Finance Agency (FHFA) Director Sandra Thompson told credit unions here it is sorting through feedback on a new proposal, while NCUA Vice Chairman Kyle Hauptman discussed NCUA’s proposals around distributed ledger technologies.
WASHINGTON—The Fed’s new FedNow solution will have as significant an effect on payments as Uber had on transportation, attendees at NAFCU’s Congressional Caucus were told.
HYATTSVILLE, MD – Library of Congress FCU has named a new president and CEO.
WASHINGTON–CUNA and the World Council of Credit Unions (WOCCU) have sent a letter related to the implementation of a Basel III proportionality framework, which is aimed at establishing a simpler and more reasonable approach for credit unions, to the House Financial Services Committee.