WASHINGTON–The Treasury Department has told NCUA it does not see any reason to raise the current 18% interest-rate ceiling for loans made by federal credit unions, according to a letter to the agency reviewed by CUToday.info.
Fresh Today
WASHINGTON–What are credit unions watching for on Capitol Hill this week? Not much, as the new Congress continues to hammer out its own internal organization.
ARLINGTON, Va.—Existing home sales declined 1.5% in December to a seasonally-adjusted annualized rate of four-million units, marking the 11th straight month of declining sales and a 34% decrease in sales compared to last year.
ARLINGTON, Va.–Security transparency and competitive fairness are at the center of concerns NAFCU said it will be focused on this week as the CFPB ponders rulemaking on personal financial data rights.
ANCHORAGE, Alaska—Alaska USA FCU said it plans to change its name in early April to Global Credit Union. The change follows a 2022 merger between Alaska USA and Spokane, Wash.-based Global Credit Union.
WASHINGTON— Before proceeding with any rulemaking regarding credit card late fees, NAFCU, CUNA and other financial trade groups have written to the CFPB to remind the agency of its obligations under the Small Business Regulatory Enforcement Fairness Act (SBREFA).
PLANO, Texas – The Cornerstone Credit Union League has now officially merged in the Heartland Credit Union and the two states it previously represented: Missouri and Kansas.
VIENNA, N.J.–A federal judge in New Jersey has dismissed a proposed class action lawsuit against Navy Federal Credit Union related to losses on the Zelle digital payments app.
PLANO, Texas–InTouch Credit Union (ITCU) said it has added new digital communications platforms for its members.
MADISON, Wis.–The World Council of Credit Unions (WOCCU) will host a webinar titled “Crafting an Effective Board Agenda—For Directors and CEOs” today beginning at 11 a.m. ET.