BETHESDA, Md.–Documents from one of the most “pivotal” periods in U.S. credit union history are now being sought, with CUs, their employees and former employees being asked to check their records and provide whatever they can before these essential documents are lost forever.
Fresh Today
ALEXANDRIA, Va.– The deadline to complete and submit the voluntary Credit Union Diversity Self-Assessment is Jan. 31.
NEW YORK—Credit unions will likely have to do more, including offering enhanced services and streamlining operations, to keep their business banking members, with a traditional powerhouse rolling out a new solution.
NEW YORK—Credit scoring service and marketplace ClearScore has launched a business-to-business unit to help U.K. lenders tap into open banking data for lending decisions.
ENID, Okla.—Stride Bank has extended its private-label banking services agreements with one of the more successful fintechs to emerge in recent years, Chime Financial.
BASINGSTOKE, U.K.–Global software spend on financial crime prevention tools will exceed $28.7 billion by 2027, increasing from $22.1 billion in 2023, according to a new Juniper Research study.
ALEXANDRIA, Va.–With all three members of the NCUA board sharing different versions of the phrase “what gets measured gets done,” the board has approved its 2023 Annual Performance Plan.
ALEXANDRIA, Va.–The NCUA Board has voted 3-0 to maintain the federal interest rate cap at 18% for federal credit unions for the next 18 months, although the board made clear it has the authority to revisit the cap at any time prior to the end of that time period.
CHICAGO–Consumers who are new to credit or early in their credit journeys generally perform as well or better than borrowers with established credit and similar risk scores, according to a new TransUnion study.
WASHINGTON–In a move for which the CU trade associations had long been advocating, the Treasury’s Community Development Financial Institutions (CDFI) Fund announced it will delay proposed changes to its certification application to carefully review all public comments.