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NEW YORK–Approval rates for small business loan applications rose to another post-recession record (27.9%) at banks of $10 billion or more in assets, but hit a record low during September at credit unions, according to one just-released survey.

On Sept. 17, the FDIC board eliminated risk based capital (RBC) requirements for community banks with assets of less than $10 billion.

WASHINGTON—The Treasury Department has proposed a rule intended to smooth the transition away from the London Interbank Offered Rate (LIBOR) by addressing potential tax consequences.

ST. LOUIS—At a community banking conference here, Philadelphia Federal Reserve Bank President Patrick Harker said he believes it is "inevitable" that central banks will begin issuing digital currencies.

ARLINGTON, Va.—Total consumer credit rose 5.2% in August (seasonally adjusted, annualized) and is up 5% versus a year ago.

AUSTIN, Texas– United Heritage Credit Union has launched a new “Get Paid Early” campaign. 

CHICAGO–BAI has announced the 2019 winners for the BAI Global Innovation Awards, an awards program that recognizes transformative solutions in the financial services industry worldwide.

MANCHESTER, U.K.–One credit union here is attempting to help some of the hundreds of thousands of people whose travel plans have been turned upside down by the collapse of giant travel firm Thomas Cook.

OSHKOSH, Wis.--The CUNA Operations & Member Experience Council has named Verve, a Credit Union’s VP of learning and development Kristin Steede a 2019 Professional of the Year. The distinction recognizes Steede for her crucial work on Verve’s internal culture initiatives.