WASHINGTON–With the House busy this week attempting to pass legislation around the federal debt limit, and with the Senate focused on judicial nominations, there are numerous hearings this week on Capitol Hill that credit unions are watching.
Fresh Today
WASHINGTON–NCUA has joined with the FDIC, the Federal Reserve and the OCC in issuing a new policy statement on allowances for credit losses (ACLs).
PUEBLO, Colo.–Minnequa Works Credit Union has named a new president and CEO.
BLOOMINGTON, Minn. – During its ACCELERATE 23 conference here, the Minnesota Credit Union Network’s formally introduced Mara Humphrey as its new CEO, celebrated the retirement of outgoing CEO Mark Cummins, raised funds for Children’s Miracle Network and more.
WASHINGTON—The Financial Stability Oversight Council (FSOC)—of which NCUA is a member--has voted unanimously to issue for public comment a proposed analytic framework for financial stability risks.
MADISON, Wis.–CUNA Mutual Group has opened up registration for its Discovery 2023 event, which marks its 14th annual virtual conference.
WASHINGTON—Due primarily to an upward revision in recent consumer spending data, Fannie Mae’s Economic and Strategic Research (ESR) Group now forecasts stronger first quarter GDP growth, while also continuing to state that economic momentum is running out of steam, according to its latest monthly commentary.
DES MOINES, Iowa –Curql Collective, the CUSO that acts as a venture capital investor in fintechs for credit unions, has added a new partner: Foro.
WASHINGTON—After earlier establishing its first Office of Financial Technology, the Office of the Comptroller of the Currency has now selected Prashant Bhardwaj to lead the initiative as deputy comptroller and chief financial technology officer.
LONDON—The United Kingdom’s Financial Conduct Authority (FCA) said it will increase its use of data to better identify which firms are more susceptible to receiving the proceeds of fraud.