SEATTLE–Five credit unions have come together here to finance an affordable housing project.
Fresh Today
LOS ANGELES – A West Los Angeles man has pleaded guilty to federal charges stemming from a scheme that used a series of corporations he controlled to fraudulently obtain approximately $9 million in loans from COVID-relief programs, some of which he used on gambling excursions to Las Vegas and transferred to his stock trading accounts, the U.S. Department of Justice reported.
WASHINGTON—The Federal Trade Commission has voted to make significant changes to enhance public participation in the agency’s rulemaking, which it described as a “significant step to increase public participation and accountability around the work of the FTC.”
WASHINGTON–The biggest event in credit unions, CUNA’s annual Governmental Affairs Conference, will be back as an in-person event in 2022.
WASHINGTON—For the second month in a row, expectations for near-term real GDP growth were revised downward – and outward – due to persistent supply chain disruptions and labor market tightness, according to the September 2021 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.
ROCKLAND, Mass.–Metro Credit Union is acquiring four branches of East Boston Savings Bank that were scheduled to be closed.
WASHINGTON–Gary Gensler, chairman of the Securities & Exchange Commission (SEC), believes one of the benchmarks being proposed as a replacement for LIBOR has “no clothes.”
WASHINGTON–The National Credit Union Foundation said it is now seeking candidates for its board of directors.
SIOUX FALLS, S.D.–Sioux Falls FCU has a new name and brand. The 90-year-old credit union is now Levo Credit Union.
WASHINGTON—Concerns related to data privacy, security and fintechs were raised in a letter sent by NAFCU ahead of a House Financial Services Committee’s task force hearing on financial technology.