ALEXANDRIA, Va.–Members of the NCUA board expressed “very real concerns” around what the year-end expiration of expanded authorities for the Central Liquidity Facility (CLF) could possibly mean, especially as more credit unions are feeling liquidity pressures.
ALEXANDRIA, Va.–With its new Information Security Examination (ISE) procedures scheduled to go live for all credit unions before year-end, the NCUA board got an update on cybersecurity risks to both the agency and credit unions during its meeting here.
NEW ORLEANS—The CFPB’s funding structure has been ruled unconstitutional by the Fifth U.S. Circuit Court of Appeals, which found it violates the Constitution because it receives funding through the Federal Reserve, rather than through the Congressional appropriations process.
WASHINGTON—Despite a weakening economy, the data again show lending continues to grow at credit unions.
WASHINGTON–The FDIC has approved a bank deposit insurance assessment rate schedule that will increase uniformly by two basis points beginning in the first quarterly assessment period.
WASHINGTON— Economic activity has been unchanged on balance since early July, with five Federal Reserve districts reporting slight to modest growth in activity and five others reporting slight to modest softening, according to its latest Beige Book data.
MADISON, Wis.–The World Council of Credit Unions (WOCCU) said it will host a webinar on International Credit Union Day, Oct. 20, during which panelists from credit unions around the world will discuss different ways they have empowered the financial futures of their members and employees.
TACOMA, Wash.–In celebration of International Credit Union Day, four local credit unions are teaming up to complete three local service projects today.
PORT OF SPAIN, Trinidad & Tobago–Credit unions in this country kicked off International Credit Union Week with “MOKO jumbies” and a cultural show here.
BARKING & DAGENHAM, U.K.–An East London Council is partnering with credit unions to provide more affordable loan options amidst cost-of-living crisis.
