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ARLINGTON, Va.—Continuing to express concern over the Financial Accounting Standards Board’s pending rule change on accounting for credit impairment, NAFCU has sent a letter to the agency requesting an updated credit losses exposure draft for public comment.

WASHINGTON—NCUA’s Payday Alternative Loans (PALs) should be exempt from the CFPB’s proposed rule for short-term, small-dollar loans, according to comments from the Bureau.

NOTTINGHAM, England—2015 was the year current account fraud surged and new figures show it is still the most targeted financial product, a new report reveals.

As credit unions gather in Washington, D.C. for the CUNA GAC, one issue that will be discussed, officially and during side conversations, is membership choice. 

HAUPPAUGUE, N.Y.–GrooveCar has launched a new website at www.groovecarinc.com.

NORTHGLENN, Colo.–Horizons North Credit Union was awarded the 2015 Sustained Leadership Award from the Metro North Chamber of Commerce for its long-term commitment to promoting leadership throughout the Metro North community.

VANCOUVER, British Columbia --Grow, one of Canada's leading online lenders, said it has entered into a collaboration with First West Credit Union to explore expansion of online consumer lending in Canada.

WASHINGTON—Charles “Chuck” Zuver, the former senior vice president and director of governmental affairs at CUNA who was for many years the face of credit unions in Washington, has died. Mr. Zuver was 83.

ST. PETERSBURG, Fla.—A good deal on cards? That’s not enough anymore, according to one person, who said payments programs must be diversified and targeted with multiple value propositions.

DALLAS—Onboarding Services and Credit Union Resources, a subsidiary of Cornerstone Credit Union League, said they have formed a new limited partnership for the purpose of providing onboarding support and leadership development services for newly placed credit union executives and management staff.