LAS VEGAS–Gambling. Crypto. Sports betting. Pot. Regardless of where you or your credit union may stand on each of those, members are involved and are making related payments. So, how should a credit union respond?
Fresh Today
DALLAS—Early bird registration has been extended through Oct. 31 for clients and non-clients who register for the ALM First Hedging & Derivatives Symposium, which will be held virtually Nov. 8 – 9.
OSWEGO, Ill. — Earthmover Credit Union (ECU) launched a brand refresh, saying the move allows it to better align design elements with their identity as a trusted local financial institution.
WASHINGTON—The Federal Housing Finance Agency (FHFA) has announced targeted changes to Fannie Mae and Freddie Mac’s pricing framework, saying it is eliminating upfront fees for certain borrowers and affordable mortgage products.
KYIV, Ukraine.—More than 17,000 gallons of diesel fuel is being distributed free of charge to credit union member farmers in Ukraine as part of the Worldwide Foundation for Credit Unions’ (WFCU) ongoing relief activities in the country.
DES MOINES, Iowa–Curql Collective, a CUSO that acts as a venture capital fund backed by credit unions, said that through its Curql Fund I it has made an investment Neural Payments, which offers “breakthrough peer-to-peer payments solutions.
LAS VEGAS–The CFPB is planning to facilitate rules to provide for personal financial data rights for Americans, paving the way for open banking and open finance. The proposed rules, among other things, would obligate financial institutions to share consumer data upon consumer request.
ALEXANDRIA, Va.–With more than 30 credit unions having recently filed paperwork with NCUA announcing plans to merge, CUToday.info here provides part II in a three-part series examining mergers. It is an examination that again finds both wide disparities (what members are being told and who is paying out net worth) and commonalities (CUs using near identical disclosure language, citing inabilities to find new managers and board members, and lamentations that technology has gotten too expansive).
WASHINGTON – The National Consumer Law Center is describing a court decision that found the way the CFPB is structured is unconstitutional as being “outrageous.”
RANCHO CUCAMONGA, Calif.–Credit union credit and debit card portfolios were generally flat to declining month-over-month in September, Co-op Solutions is reporting. The CUSO also noted that the shift to credit spending is slowing.