Fresh Today

WASHINGTON–CUNA has announced the national winners of its Dora Maxwell Social Responsibility Community Service Award, the Louise Herring Philosophy-in-Action Member Service Award, and the Desjardins Awards for Financial Education.

WASHINGTON–Millions of consumers who hold loans with adjustable interest rates are going to be affected by the move away from Libor, a consumer group told Congress during a hearing this week.

MILWAUKEE—Fiserv said it has partnered with the NBA’s Milwaukee Bucks and Nancy Lieberman Charities to construct a “Dream Court” in Milwaukee’s Sherman Park neighborhood, Fiserv announced.

DUBUQUE, Iowa—Dupaco Community Credit Union is reporting its members have set a new record when it comes to its popular Holiday Savings account.

TYSONS, Va.— The PenFed Foundation, the charitable arm of PenFed Credit Union, announced it raised more than $1.7 million at its 17th Annual Night of Heroes Gala. In addition, during the event  the creation of the PenFed Foundation Afghan Rescue and Resettlement Program was announced support a group of female Afghan special forces soldiers who served alongside U.S. Army soldiers and risked their lives to protect U.S. troops. 

WASHINGTON—Issues related to IRS reporting proposal, NCUA authority over third-party vendors and more were addressed in a letter sent by NAFCU ahead of a House Financial Services Subcommittee hearing on   cyber threats, consumer data, and the financial system.

WASHINGTON—Despite growing inflation pressure, the Federal Open Market Committee ended its two-day meeting today leaving rates unchanged.

ALEXANDRIA, Va.–NCUA Chairman Todd Harper kicked off the agency’s second DEI Summit by saying the objectives of the three-day event are to changehow people see diversity, equity, and inclusion; to understand how to implement programs and initiatives to support DEI, and to learn how the credit union industry can advance  the principles each day.

WASHINGTON—The rapidly growing buy now, pay later (BNPL) solutions in the market must be subjected to greater regulatory oversight, NAFCU stated in a letter to the House Financial Services Committee Task Force on Financial Technology. The letter was sent ahead of a hearing held by the committee on BNPL offerings that are being driven primarily by fintechs and which allow consumers to spread out payments on purchases.

WASHINGTON—The Consumer Financial Protection Bureau has a key role in policing cryptocurrency payments and doesn’t need to wait for other agencies to act before taking steps to crack down on abuses in the market, according to Senator Elizabeth Warren (D-MA).