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WASHINGTON – A bill that would give NCUA greater flexibility when it comes to setting loan maturity limits has been introduced by Congress. The bill is being cosponsored by Reps. Lee Zeldin (R-NY) and Rep. Vincente Gonzalez (D-TX).

WASHINGTON—Cases of suspected elder fraud are among the primary reasons the number suspicious activity reports (SARs) filed by financial institutions quadrupled from 2013 to 2017, the CFPB reported.

WASHINGTON–All types of credit unions should be allowed to serve underserved areas, NAFCU told the Senate Banking Committee.

VIENNA, Va.—Navy Federal Credit Union is facing a class action lawsuit over its non-sufficient fund (NSF) practices, a new report indicates. The lawsuit alleges that the credit union's NSF practices are predatory and deceptive.

ALEXANDRIA, Va.—NCUA has issued a notice of funding opportunity for low-income designated credit unions (LICUs) through its Community Development Revolving Loan Fund (CDRLF) program.

WASHINGTON—NCUA will share a quarterly report on the National Credit Union Share Insurance Fund (NCUSIF) and will vote on a final rule to reform loans and lines of credit to credit union members at its open board meeting Thursday.

NEW YORK–A demographic trend combined with other factors taking place worldwide could help accelerate the spread of adoption of auto-sharing services and self-driving cars.

NEW YORK—As tax season arrives, some consumers may find they owe money for a credit card perk. If cardholders have received a bonus from their credit card company for successfully referring friends or family for new cards, they may owe taxes on that bonus.

WASHINGTON–New legislation has been introduced in Congress to address issues related to banking cannabis businesses. HR 1595, the Secure and Fair Enforcement (SAFE) Banking Act of 2019 has bipartisan support and is cosponsored by Rep. Ed Perlmutter (D-CO), Denny Heck (D-WA), Warren Davidson (R-OH), and Steve Stivers (R-OH).

ARLINGTON, Va.—Following NCUA’s announcement last week that it has approved a $160.1 million equity distribution to credit unions from the National Credit Union Share Insurance Fund (NCUSIF), NAFCU said there are still more funds available to be returned.