HUNTINGTON BEACH, Calif.– The National Association of State Credit Union Supervisors (NASCUS) has named Mary Ellen O’Neill, the former director of the Connecticut Financial Institutions Division as the winner of the 2022 Pierre Jay Award recipient.
Fresh Today
WASHINGTON–In a saga that at one point involved more than a half-dozen credit unions, some $3.9-billion in student loan debt being carried by former students who were defrauded by ITT Technical Institute has been cancelled by the Department of Education.
WASHINGTON—The Federal Reserve wants to know when banks are in the cryptocurrency business. To that end, it has issued additional information for the banks it supervises related to crypto-asset-related activities.
WASHINGTON—The Internal Revenue Service has modified the crypto question asked on Form 1040, the tax form used by all U.S. taxpayers to file an annual income tax return.
NORTH LIBERTY, Penn.–GreenState Credit Union has launched the GreenState Foundation, a member-based 501(c)3 it said is dedicated to expanding the impact of its community investment and philanthropic giving.
WASHINGTON–With more than $5 trillion in funds distributed as part of three different relief packages during the pandemic, the general lack of any strings and minimal oversight is increasingly showing up in financial fraud, with more than 500 investigators pursuing illegal activities, according to several new reports.
RICHLAND, WASH.‒ Gesa Credit Union is reporting it provided more than $300,000 to partner school districts during the 2021-2022 school year as a result of earnings from its affinity debit card program.
SAN JOSÉ, Calif.– Excite Credit Union said it has received the Juntos Avanzamos (Together We Advance) designation from Inclusiv for serving and empowering the Hispanic community.
WASHINGTON—The cumulative regulatory burden on credit unions is near an all-time high, although it has slowed recently, CUNA told NCUA.
NEW YORK–A new report suggests more and more car buyers are having difficulty keeping up with auto loan payments—but raises the question over why repossessions aren’t rising.