MONTPELIER, Vt.–The former CEO and four former board chairs at Vermont State Employees Credit Union have published a joint letter calling for members to vote against a proposed merger with New England FCU, suggesting more than a million dollars has been spent to date to suggest the “merger will somehow produce more of everything and everything will be better.”
NEW YORK—The acting Comptroller of the Currency is expressing concerns that the rise of fintech services and digital banking could spur financial risks and potentially a crisis over the long term.
NEW YORK— Fintechs and cryptocurrency companies are “getting away with murder” as they compete with financial institutions without having to comply with many regulations, according to a former Comptroller of the Currency under President Bill Clinton believes.
MADISON, Wis. –The 14th cohort of “Crash the GAC” will return when CUNA hosts its annual Governmental Affairs Conference early next year, according to the Filene Research Institute, the Cooperative Trust and CUNA. Applications for Crash the GAC are now open and the deadline to apply is Dec. 2, the organization said.
ALEXANDRIA, Va.—During a Women in Housing and Finance Public Policy Lunch, NCUA Vice Chairman Kyle Hauptman offered an overview on a range of credit union issues and a look at how industry issues and how the agency is responding.
GAITHERSBURG, Md.—The National Institute of Standards and Technology (NIST) will join with Treasury’s Office of Cybersecurity and Critical Infrastructure Protection (OCCIP) to host a virtual, informal discussion on the update of the NIST Cybersecurity Framework (CSF) today.
JACKSONVILLE, Fla.–Home homeowners are losing wealth as high mortgage rates weigh on home values, at least on paper, as the once red-hot housing market cools quickly, according to a new report.
LANCASTER, Penn.–How a chance meeting played a role in why one person was eager to join a start-up credit union, as well as how the CU itself came to be, has been detailed in a new report, which describes the new CU as “embodying the original, long-forgotten vision for community development finance."
LONDON–Membership in the United Kingdom’s credit unions continues to rise “amid a growing hunt for affordable credit products as the cost of borrowing rises sharply and the cost-of-living crisis worsens,” according to a new report.
LONDON—As CUToday.info has been regular reporting, concerns over consumers getting into financial trouble from buy now, pay later (BNPL) offerings continue to rise.
