Addition Financial Partnering to Launch Financial Literacy Program in Preschools 09/06/2023 07:34 pm LAKE MARY, Fla.–Addition Financial Credit Union has joined with three other partners to launch a financial literacy program for preschools.
FDIC To Begin Marketing CRE Portfolio of Failed Signature Bank 09/06/2023 07:32 pm WASHINGTON – The FDIC has announced the start of a marketing process for the approximately $33 billion commercial real estate (CRE) loan portfolio it took over following the failure of Signature Bank om New York.
Money Transmission Modernization Act Now Enacted by a Dozen-Plus States 09/06/2023 07:31 pm NEW YORK—More than a dozen U.S. states have now enacted the Money Transmission Modernization Act (MTMA) in whole or in part, while several others have introduced bills to implement some or all of the legislation that seeks to establish a uniform set of regulatory standards applicable to money transmitters at the state level.
NCUA to Co-Host Webinar Today on VITA Program 09/06/2023 07:29 pm ALEXANDRIA, Va.– NCUA is co-hosting a webinar today with the Internal Revenue Service about the Volunteer Income Tax Assistance (VITA) program on Sept 7. The webinar will begin at 1 p.m. ET.
Here’s What CU Trade Groups Are Recommending for NCUA’s Operating Fee Structure Methodology 09/06/2023 07:36 pm WASHINGTON—Both NAFCU and CUNA are asking NCUA to make adjustments to its proposed changes to operating fee structure methodology.
One Important Step CUs Need to Take 09/06/2023 09:28 pm TAMPA—Artificial intelligence (AI) will provide a boost for credit unions, provided credit unions do one important thing that will be critical for their futures, says Tom Davis.
In Reversal, CFPB Settles Discrimination Lawsuit, But It’s the Defendant 09/06/2023 07:35 pm WASHINGTON–In an action that actually goes back nearly 10 years, the Consumer Financial Protection Bureau agreed to pay $6 million to settle an employment discrimination lawsuit filed by current and former Black and Hispanic employees.
Lending Up 0.7% in July Over June; Membership Tops 140 Million for First Time, CUNA Data Indicate 09/06/2023 07:36 pm WASHINGTON–Credit union loans outstanding increased 0.7% in July, compared to a 0.7% increase in June of 2023 and a 1.6% increase in July of 2022, according to CUNA’s latest Monthly Credit Union Estimates.
Beige Book Not So Beige on Inflation Expectations 09/06/2023 08:12 pm WASHINGON–Even in the face of strong borrowing by consumers, a growing number of financial institutions and analysts are expecting inflation to further cool, according to the Federal Reserve’s newest Beige Book report.
The Newest Hallmark Moment: Sending Payments Along With Physical Greeting Cards 09/06/2023 07:41 pm KANSAS CITY, Mo.–People can now send payments via a Hallmark card.
