WASHINGTON–The Federal Reserve has released details around how it plans to conduct a pilot climate scenario analysis exercise with the six largest U.S. banks.
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WASHINGTON–Big banks that repeatedly try but fail to fix material deficiencies in certain areas should consider divesting themselves of those business units, according to the acting Comptroller of the Currency.
TAMPA, Fla.– Trellance, a provider of analytics, cloud and talent solutions to credit unions, has released its strategic priorities for 2023, including a new line of business as well as strategic priorities within existing solutions and services the CUSO said will allow it to prioritize and align with the needs of credit unions based on emerging trends for 2023.
CHELSEA, Mass.–Metro Credit Union has selected Credit Union Student Choice to help it provide its members with higher education financing solutions.
LANSING, Mich.–Alpena Alcona Area Credit Union Named 2022 Credit Union Difference Maker of the Year by the Michigan League as part of the MCUL’s “Try a Credit Union Stories” video competition.
MADISON, Wis.— The World Council of Credit Unions’ (WOCCU) has released its 2023 Global Regulatory Update in which it makes the case that the ability of credit unions to weather financial shocks draws consumers to them during times of crises, something WOCCU said “regulators must recognize and allow for to help the world recover from the current climate of economic uncertainty.”
WASHINGTON— The Defense Credit Union Council (DCUC) is now sharing its concerns with the Senate over the new CDFI Target Market assessment methodologies that have been proposed.
MARGATE, Fla.–A tax preparer and four three other people he recruited who ran a $27 million Paycheck Protection Program fraud program that has led to guilty pleas and prison sentences, according to federal prosecutors.
NEW YORK–Given their rapid rise and fall, used car prices are giving buyers and lenders “whiplash,” according to one new report, which is offering some insights into what is taking place and what is down the road.
NEW YORK–When Goldman Sachs made a big splash by entering the retail banking market in 2016, it was considered another shot across the bow of credit unions. But it turns out it was the giant investment bank that has suffered most.