WASHINGTON–With the Federal Reserve’s FedNow instant payments system set to go live this month, and with a number of corporate and individual credit unions ready and waiting, one new report is cautioning it could “fan the flames” for the kind of deposit flight recently seen at three banks that failed.
WASHINGTON–National Institutes of Health Federal Credit Union has filed a notice of data breach with the Attorney General of Maine following the CU’s discovery that an unauthorized party was able to get into an employee’s email account, according to JDSupra.com.
WASHINGTON–As also remains the case for most credit unions, new federal data reveal that workers in unexpected jobs continue to clock more time from home than before the pandemic hit.
WASHINGTON – Sen. John Kennedy (R-LA.) and Sen. Tina Smith (D-MN) are co-sponsoring the Promoting New and Diverse Depositories Act, which would direct the prudential regulators to conduct a study on the barriers that depository institutions face when attempting to enter the banking market.
WASHINGTON–Banking activities across the U.S. have been “mostly subdued,” according to the July edition of the Beige Book released by the Federal Reserve.
WASHINGTON – Consumer advocates are applauding an announcement by the Office of the Attorney General (AG) of the District of Columbia that the District has forced EasyPay Finance to stop making loans with rates as high as 198.98%.
WASHINGTON—The Senate Banking Committee has advanced to the full chamber President Biden’s three nominations to the Federal Reserve Board.
WASHINGTON—Ahead of the Senate Appropriations Committee’s markup to its version of the fiscal year 2024 Financial Services and General Government (FSGG) appropriations bill, NAFCU called on the committee to provide full funding for the CDFI Fund, the Community Development Revolving Loan Fund (CDRLF), and the Financial Crimes Enforcement Network (FinCEN).
BOCA RATON, Fla.–While most credit union leaders dread the thought of a core conversion, iTHINK Financial Credit Union is seeking to turn its change in core system into something a little more fun for members.
BROOKFIELD, Wis.–Fiserv has been named a Disability Equality Index (DEI) Top Scorer and a 2023 Best Place to Work for People with Disabilities.
