‘Very Busy September’ in Congress Includes Proposals Around New Data Reporting Demands for CUs, Notes CUNA 09/07/2021 07:57 pm WASHINGTON– It’s likely to be a “very busy September” in Congress with a number of issues on the agenda credit unions will be watching, according to CUNA.
Royal CU, People's Choice CU Complete Merger 09/08/2021 12:04 pm EAU CLAIRE, Wis.–Royal Credit Union said it has completed its merger with Peoples Choice Credit Union in Medford.
FIs May Process Personal Remittances to Afghanistan, Says Treasury 09/07/2021 08:03 pm WASHINGTON—The Treasury Department has told financial institutions they may process personal remittances to Afghanistan.
In Remarks to Cannabis Industry Group, NCUA’s Hood Calls for Federal Action to Clear the Air on Rules for FIs 09/09/2021 07:44 pm WASHINGTON–NCUA Board Member Rodney Hood told a group meeting here it is time for federal action to “clarify and harmonize” the laws and regulations surrounding the state-legal cannabis industry and marijuana-related businesses (MRB), so that this industry can “take part in the legitimate financial services industry.”
CFPB Takes Action Against ‘Income Share Agreement’ Provider for Misrepresenting Product 09/09/2021 07:40 pm WASHINGTON—The Consumer Financial Protection Bureau has taken action against an income share agreement (ISA) provider for mispresenting its product and failing to comply with federal consumer financial law that governs private student loans.
Record-Setting Year for Card Debt Reduction Followed by Record-Setting Quarter for Adding New Debt 09/09/2021 07:43 pm WASHINGTON–After what was a “record-setting year” for credit card debt reduction in 2020, U.S. consumers have set a new quarterly record after adding new credit card debt “by the billion,” according to a new analysis.
Texas DPS CU Selects eCU Technology’s ORIGINS Suite 09/09/2021 07:40 pm AUSTIN, Texas–The $95-million Texas DPS Credit Union has launched eCU Technology’s ORIGINS Suite, which the company said is designed and newly-updated to help credit unions become “digital powerhouses.”
Fed Offered Recommendations by NAFCU on New FedNow Service 09/09/2021 07:43 pm WASHINGTON—NAFCU wrote to the Federal Reserve in response to its proposed amendments and modifications to Regulation J pertaining to the release of the FedNow service to offer support for the development of the service.
Supply, Worker Shortages Seen in Latest Beige Book Data 09/09/2021 07:44 pm WASHINGTON—The Federal Reserve's latest Beige Book reveals the U.S. economy downshifted slightly to a moderate pace in early July through August.
