LAS VEGAS–There are some issues around which credit unions would really benefit from coming together—including fear, according to two technology executives and one board member.
Fresh Today
LAS VEGAS-An effort to launch more de novo credit unions, including a CU to serve historically black colleges and universities (HBCUs), continues to move forward.
LAS VEGAS–Just what should there be a sense of urgency around in credit unions? Plenty of issues, according to three people.
WASHINGTON–Will Congress actually act on the growing use of buy now, pay later (BNPL) solutions in the market?
LAWRENCEVILLE, Ga.—Used vehicle values continue to find a faster left lane to move into.
NEW YORK–Following a two-week hunger strike by a dozen cab drivers, the New York Taxi Workers Alliance (NYTWA), New York City, and Marblegate Asset Management—the company that bought the portfolio of taxi medallion loans from NCUA--have announced an agreement they said is aimed at helping ameliorate the crushing debt burden of many of the city’s approximately 6,000 medallion taxi owner-drivers.
TALLAHASSEE, Fla.–Jim Taylor, a long-time leader in credit unions, has passed away.
SAN FRANCISCO—San Francisco Federal Credit Union has lost a lawsuit it filed against the San Francisco Municipal Transportation Agency (SFMTA) related to loans made on taxi medallions. Hailing the decision, the city attorney described the lawsuit as being about a “bank bailout.”
ALEXANDRIA, Va.–In a new Letter to Credit Unions, NCUA said any issuances of secondary capital not completed by Jan. 1 will be subject to the requirements of the new subordinated debt rule, which becomes effective on that date.
WASHINGTON—As Veterans Day approaches, the Defense Credit Union Council said it is seeking to honor the sacrifices of the nation’s military’s by releasing a special video honoring servicemembers and veterans.