WASHINGTON—CUNA has sent a pair of letters to Capitol Hill, the first in advance of a hearing today, the second in response to an earlier attack by a bankers’ group.
Fresh Today
RALEIGH, N.C.–Rose Connor, administrator of North Carolina’s Credit Union Division, has announced plans to retire on July 1.
ALEXANDRIA, Va.–NCUA said it will host a webinar on May 3 explaining its Simplified CECL Tool, which the agency said was created to help small credit unions implement the Current Expected Credit Losses accounting standard.
TAMPA, Fla.– GTE Financial Credit Union has introduced a new program through which employees can qualify for loan discounts.
FOZ DE IGUAÇU, Brazil—World Council of Credit Unions’ President and CEO Elissa McCarter LaBorde encouraged a crowd of Brazilian credit union women and youth gathered here to “show up and put their best selves forward” by connecting with different cultures through the international network available to them.
NEW YORK–The nation’s largest bank said it now expects its senior staff to be back in the office five days per week. In addition, JPMorgan Chase & Co. reminded other employees on hybrid schedules that attendance is expected three days a week at a minimum.
LAS VEGAS–After reaching an all-time high of more than 39,100 in December 2022, the number of Bitcoin ATMs or crypto ATMs has significantly dropped this year.
WASHINGTON—The Digital Currency Monetary Authority (DCMA) has announced the launch of an international central bank digital currency (CBDC). The announcement was made during the International Monetary Fund’s (IMF) Spring Meetings here.
NEW YORK–As CUToday.info has reported, in the wake of the failure of two banks, small and midsize U.S. banks lost hundreds of billions of dollars in recent weeks as funds flowed to larger banks and money market funds with higher yields. Now many of those smaller institutions—a relative term when CUs and banks are compared—are being forced to raise interest rates in order to stem the outflows, according to one new analysis.
WASHINGTON–The House and the Senate are back in session for a long work period that will run through Memorial Day.