COSTA MESA, Calif.—Consumers are being offered a new credit tool that is reportedly “invisible” to financial institutions.
Fresh Today
WASHINGTON–Similar to how state credit union regulators have been pressing to have a state regulator named as a member of the NCUA board, the Conference of State Bank Supervisors (CSBS) is urging the Biden Administration to name one of its members to the FDIC board.
EDWARDS, Calif.–More executive positions at credit unions continue to be added to CUToday.info’s free job board, the Gig, including two CUs seeking new leadership at the very top.
YAKIMA, Wash.–Solarity Credit Union said it is now offering its members eSigning Experience when closing mortgages.
MIAMI—A 17-count indictment has been unsealed in federal court in Miami charging Paul E. Vernon, 48, the founder, operator and CEO of Project Investors Inc., which has been doing business as Cryptsy, with criminal violations for his involvement in what the Department of Justice described as a sophisticated theft scheme involving his cryptocurrency exchange.
DUBLIN, Ireland–An enormous deficit has been discovered in the pension fund that covers thousands of credit union employees in this country.
WASHINGTON–The House has passed the credit union-supported SAFE Banking Act.
WASHINGTON–The new jobs report from the Labor Department crushed the forecast from many economists after 467,000 jobs were added in January.
CHICAGO–With consumer credit performance maintaining healthy levels across auto, credit card, personal loans and mortgages, lenders continued to ramp up new account origination growth in the non-prime segment of the market near the end of 2021, according to a new report from TransUnion.
WASHINGTON—During its meeting this week the Financial Accounting Standards Board (FASB) unanimously voted to draft a final update eliminating troubled debt restructuring (TDR) accounting guidance for creditors who have adopted the current expected credit loss (CECL) standard, with an effective date of Dec. 15, 2022.