WASHINGTON—With credit unions in town for CUNA’s GAC, a number of credit union-supported pieces of legislation have been introduced, while another bill of interest to CUs has been marked up.
Fresh Today
WASHINGTON–Seventy-three credit unions are among the 252 community development financial institutions (CDFIS) that have been awarded $194.1 million in Financial Assistance (FA) awards.
WASHINGTON–The nation’s 4,706 commercial banks and savings institutions insured by the FDIC reported aggregate net income of $68.4 billion in fourth quarter 2022, a decrease of $3.3 billion (4.6%) from the third quarter.
ALEXANDRIA, Va.–NCUA has filed suit against the former CEO and others previously involved with Melrose Credit Union.
ALEXANDRIA, Va.– NCUA has issued two prohibition orders permanently prohibiting both from participating in the affairs of any federally insured depository institution.
WASHINGTON--The Consumer Financial Protection Bureau (CFPB) has permanently banned RMK Financial Corp., which does business as Majestic Home Loans, from the mortgage lending industry by prohibiting RMK from engaging in any mortgage lending activities or receiving remuneration from mortgage lending.
SUPERIOR, Colo.–– Blue Federal Credit Union has entered into a naming rights deal with Sport Stable of Superior. The new name of the facility will be the Blue Sport Stable.
WASHINGTON—CUNA will host a webinar on the basics of instant payments on March 6, starting at 2 p.m. ET. The Federal Reserve's instant payments system, FedNow, is set to launch in mid-2023.
WASHINGTON—After stepping on stage at the GAC dressed as the character John Dutton from the TV show Yellowstone, and with western imagery as his backdrop, CUNA President Jim Nussle used another Kevin Costner reference to tell attendees the wolves are coming for their business, and those wolves are bankers.
WASHINGTON–After presenting a picture of a future that may be intimidating and even frightening to many people, one person who is making some big investments in that future told a credit union audience they should instead be excited about what is to come.