TACOMA, Wash.–Eleven credit union clients of CU Strategic Planning have received their CDFI certification approvals in the past few weeks, some of the first to be approved this year.
Fresh Today
WASHINGTON–The Federal Reserve has released a report on the reasons behind the failure of the $211-billion Silicon Valley Bank, while the FDIC has separately released a report on the failure of Signature Bank.
WASHINGTON–The House Financial Services Committee passed has passed the credit union-supported the CFPB Transparency and Accountability Reform Act (H.R. 2798), while the SAFE Banking Act has been reintroduced in both the House and Senate.
WASHINGTON–The Office of the Comptroller of the Currency and the FDIC have joined in cautioning the nation’s banks on their overdraft practices.
AUSTIN, Texas–The Texas Bankers Association (TBA) has filed suit against the Consumer Financial Protection Bureau (CFPB) seeking to block a new rule that requires lenders to collect data on loan applications from minority, LGBTQ+ and women-owned small businesses.
ALEXANDRIA, Va.– The comment period is now open for NCUA’s request for information seeking comments on current and future climate and natural disaster risks to federally insured credit unions. Credit unions, trade groups and others can offer their feedback through June 26.
ST. PETERSBURG, Fla.––PSCU has announced the general availability of its new buy now, pay later (BNPL) solution. The company said the launch follows a successful pilot program with a select group of the CUSO’s credit union partners.
WASHINGTON—Credit scoring models can be improved, while the SARs threshold needs to be raised, NAFCU told two congressional committees ahead of hearings this week.
RALEIGH, N.C.–Over the opposition of the state’s banking industry, North Carolina’s House of Representatives has voted to pass House Bill 410, “Credit Union Update” by an 85-25 margin.
HERSHEY, Penn.–During Vizo Financial’s 2023 Risk Management Conference here attendees got updates across a number of related issues.