WASHINGTON–The fallout from the failure of two big banks in recent weeks continues, and it suggests credit unions will be caught up in the tailwinds.
Fresh Today
WASHINGTON–President Biden is asking Congress for new tools that would target executives of failed banks. The proposal also seeks to bar executives at failed banks from taking other jobs in the financial industry.
NEW YORK—The failed Signature Bank was being investigated for money laundering by U.S. prosecutors in Washington and Manhattan before being shut down on March 12, according to a new report.
WASHINGTON–With the House of Representatives out of session until Thursday of this week, and with only a few hearings in the Senate of interest to credit unions, the attention in Washington this week will clearly be on the Fed and its decision related to rates.
LAS VEGAS–A founder and executive of a successful card processing fintech who also had a close relationship with the failed Silicon Valley Bank offered his thoughts on what the bank’s shutdown and reopening has meant, how the fintech market is evolving, and more.
LAS VEGAS–One of the best-known names in Silicon Valley when it comes to venture capital and fintech M&A transactions has some thoughts on what is going on and what’s ahead for fintech following the failure of one bank and a general downturn in tech stocks.
IRVINE, Calif.–Origence has released the second in its new podcast series, this time featuring Keith Sultemeier, president and CEO of Kinecta FCU, who discusses the challenges and opportunities he sees in indirect lending.
EVERETT, Wash.– NW Plus Credit Union announced its fourth annual Member Loyalty Bonus has been paid to more than 9,100 eligible members, totaling more than $344,000. NW Plus CU’s Member Loyalty Bonus rewards both savers and borrowers for their overall relationship with the credit union. The credit union reported that to date it has returned $2 million to its members for their loyalty over the past four years.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) is being urged to ensure reporting companies are effectively answering questions required by the Corporate Transparency Act (CTA) and the beneficial ownership reporting requirements final rule.
GRAND RAPIDS, Mich.– The National Association of Credit Union Services Organizations (NACUSO) has announced the results of its 2023 board election.