WASHINGTON–CUNA’s economists, including Senior Economist Dawit Kebede, have released an updated macroeconomic and credit union forecast for 2023 as part of the May 2023 CUNA Economic Update.
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RICHMOND, Va.- The Virginia Credit Union League has announced its board election results, as well as presented its Farley Award to one CU leader.
TALLAHASSEE, Fla.– The Southeastern Credit Union Foundation (SECUF), the charitable arm of the League of Southeastern Credit Unions & Affiliates said it is entering into a partnership with Jacksonville, Fla.-based City & Police FCU to “transform the landscape of credit union member services.”
EAST LANSING, Mich. —A CUSO of MSU Federal Credit Union, Reseda Group, is investing more than $2 million to support five emerging fintechs as part of its “commitment to discover and elevate innovative technology and solutions to revolutionize the credit union industry and member experience.”
OLYMPIA, Wash.–The Washington Department of Commerce awarded the GoWest Foundation a $9 million grant to fund a credit-building program aimed at expanding to capital for small business owners and entrepreneurs who represent historically marginalized communities.
BRUSSELS—Representatives of the World Council of Credit Unions and the European Network of Credit Unions (ENCU) met with key representatives of the European Union (EU) and select members of the EU Parliament (MEPs) to discuss the EU Payment Package and other regulatory items pending this legislative term.
WASHINGTON–Credit unions will want to continue to warn their members about bogus fraud warnings that purport to be from their CU, according to a new FTC report.
WASHINGTON—The Consumer Financial Protection Bureau has taken action against medical debt collector Phoenix Financial Services for numerous debt collection and credit reporting violations.
NEW YORK—Concerns are once more being raised over indications the popular buy now, pay later solutions are getting some borrowers in financial trouble, leading to mounting delinquencies among the providers of the no- or low-fee loans.
SAN FRANCISCO—Visa is reporting that on a year-over-year basis, its payments volume in May was up 5%.