WASHINGTON—It “might be time for regulators and law to have a conversation” to discuss how financial institutions can best provide actionable information to law enforcement while meeting their regulatory obligations, according to one person.
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WASHINGTON–The director of the Consumer Financial Protection Bureau told members of the Credit Union Advisory Council and the Community Bank Advisory Council that he wants them focused on one question, while also expressing concerns over consolidation among core processors and what it means to smaller financial institutions.
NEW YORK—New York Attorney General Letitia James is leading a multistate coalition of attorneys general calling on the CEOs of JPMorgan Chase, Bank of America, U.S. Bank, and Wells Fargo to eliminate all overdraft fees on consumer bank accounts.
PALO ALTO, Calif.– Stanford FCU said it has discontinued non-sufficient funds (NSF) fees in its “ongoing efforts to find new ways to give back to its members.”
NORWALK, Conn.—The Financial Accounting Standards Board (FASB) met this week to discuss the elimination of troubled debt restructuring (TDR) account guidance.
WASHINGTON–Treasury Secretary Janet Yellen is promising to look into two issues related to community development financial institutions (CDFIs).
WASHINGTON—CUNA said it is hoping Congress will continue to support the Small Business Administration’s (SBA) Office of Advocacy, as it has done “commendable work” to amplify the voices of small businesses and entities that serve them.
WASHINGTON–Speaking to an industry group here, NCUA Board Member Rodney Hood repeated his call for Congress to act so regulators can put a framework in place to allow regulated institutions to serve cannabis-related businesses.
DENVER–Partner Colorado Credit Union has selected the AI-powered credit underwriting platform from Scienaptic AI.
BIRMINGHAM, Ala.–A free webinar titled “Credit Unions and Cybersecurity: Are You Doing Enough in This Environment?” has been announced by Dollar Associates.