WASHINGTON—NAFCU, CUNA and several trade associations have sent a letter to the Federal Reserve citing concerns around interchange and expressing support for the board’s proposal to extend, without revision, current recordkeeping procedures associated with Regulation II—which covers debit card interchange fees and network routing exclusivity.
WASHINGTON—NAFCU has written a new letter in support of including the Secure and Fair Enforcement (SAFE) Banking Act as an amendment to the America COMPETES Act as the House considers the package.
NEWPORT, R.I.–People’s Credit Union has kicked off a year of activities to celebrate its 100th anniversary, including a number of new partnerships and the creation of a community time capsule.
SALT LAKE CITY–During April, Credit Unions for Kids is asking all credit unions to participate in a cooperative fundraiser that involves donating a portion of the CU’s ATM Foreign Transaction Fees to Children’s Miracle Network hospitals.
ST. PETERSBURG, Fla.–PSCU will host a webinar titled “Driving Growth and Personalized Member Experiences in an Ever-Changing Environment.”
NEW YORK–NYDIG, a bitcoin company with which two credit unions have now partnered to allow members to buy and sell bitcoin, has now introduced a Bitcoin Savings Plan it said will allow employees of certain companies get paid in bitcoin.
PURCHASE, N.Y.—Chase and Instacart, a leading online grocery platform in North America, have expanded their existing partnership to make Chase the exclusive issuer of Instacart’s first credit card, Chase and Mastercard announced.
SAN FRANCISCO—Overspending is a top source of anxiety across all generations, according to findings from the latest Affirm Consumer Spending Report.
WASHINGTON–A new rule that allows private institutional investors to exploit credit union tax subsidies is yet another reason for Congress to investigate credit union policies, according to the Independent Bankers Association.
WASHINGTON–Saying it is part of its ongoing work to expand financial inclusion to unbanked individuals and families, the Federal Deposit Insurance Corporation (FDIC) said it will expand its #GetBanked public awareness campaign into the Los Angeles, Dallas, and Detroit metropolitan areas.
