WASHINGTON—The current strength of the labor market may keep the country from a recession this year, CUNA reports.
Fresh Today
ALEXANDRIA, Va.–NCUA, along with the Office of the Comptroller of the Currency (OCC), the Federal Reserve and FDIC, along with state bank and credit union regulators have issued an interagency Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts.
NASHVILLE, Tenn.–After introducing a solution called Enbright One to help employees manage their personal finances—including providing time at work to create and/or manage their budgets and create goals for saving, retirement and investing—the credit union said it is now expanding it to members.
NEW YORK—Chase Bank has launched Chase Freedom Rise, a no-annual-fee rewards card that the bank said is specifically designed for those who are new to credit.
EDMONTON, Alberta–Alberta’s credit unions have announced a new Women in Ag grant aimed at women in the province who are currently working in or planning to work in agriculture.
LONDON—British banks are collaborating and sharing information in an effort to crack down on the country’s money laundering problem and illicit asset flows from Russia.
NEW YORK—Crypto mining as a tool to bolster money laundering capabilities extends beyond nation-states actors, holding special appeal to conventional criminals, according to a new report by blockchain forensic firm Chainalysis.
SYRACUSE, N.Y.–Empower FCU has become the latest credit union to announce it has reached a settlement in a class action lawsuit related to its overdraft practices.
LONG BEACH, Calif.–One presenter addressing credit unions here began with a magic trick that involved the number of people in the room with the number of members who belong to one audience member’s CU that, when added together, added up to the exact minute in time the presenter was speaking. It created the kind of experience that led to the types of questions every credit union should be getting, according to the presenter: “How did you do that?” and, “Can you do it again?” according to the presenter.
LONG BEACH, Calif.–How old were you in 1994? It matters, especially to the future of your credit union, according to one person.