WASHINGTON–Sens. Roger Marshall (R-KS) and Richard Durbin (D-IL) have been working to have their Credit Card Competition Act, which is strongly opposed by credit unions, included in the National Defense Authorization Act (NDAA), according to one CUNA Hill advocate
WASHINGTON–The Federal Reserve has finalized updates to its rule concerning debit card transactions, specifying that debit card issuers should enable at least two payment card networks to process all debit card transactions.
ALBANY, N.Y.–As SEFCU and CapCom credit unions work to merge to create a multi-billion CU called Broadview Credit Union, some employees have announced plans to form a labor union.
EUGENE, Ore. – Saying holds placed on deposits are a “frustration” for members, especially those who have been longtime loyal members with stable account histories, Oregon Community CU said it is now using machine learning to do away with a “one-size-fits-all policy” in favor of a process that automatically evaluates various attributes to assign “unique hold thresholds.”
SACRAMENTO, Calif.–California’s credit unions are once again to be on the receiving end of government checks to members.
MADISON, Wis.—The Filene Research Institute said it is partnering with Urban Strategies, Inc. and Native Women Lead to create the Racial Economic Equity (REE) Incubator.
PENSACOLA , Fla.–Pen Air FCU said its members have approved a conversion to a Florida state charter. The credit union is now Pen Air Credit Union.
WASHINGTON—The Financial Crimes Enforcement Network has issued afinal rule establishing a beneficial ownership information reporting requirement.
WASHINGTON—The FHFA today wraps up its three-day public listening session on the Federal Home Loan Bank System, and during the event NAFCU asked the FHLB to not “disrupt” the system.
WASHINGTON—Nominations are now being accepted for eight open positions on CUNA’s board of directors. The deadline for nominations and seconds is Nov. 4.
