WASHINGTON—Comments on several proposals of interest to credit unions have due dates in September, including NCUA’s request for information (RFI) on digital assets and related technologies.
Fresh Today
ALBANY, N.Y.—Among her first moves as the new governor of New York, Kathy Hochul has nominated Adrienne Harris to lead the New York State Department of Financial Services as its next superintendent.
WEIRTON, W.V.–Credit unions in West Virginia and Illinois have announced mergers in two separate deals.
POTTSTOWN, Penn.–John Faust, president/CEO of Diamond Credit Union, has announced plans to retire in May of 2022. The credit union said it has launched a search for a successor.
ROANOKE, Va.–Freedom First Credit Union said it has purchased the Elmwood Building in Roanoke’s downtown historic district to serve as its future corporate headquarters.
SEATTLE–Express Credit Union is reporting strong growth after moving to serve several underserved segments in its community: immigrants and Hispanics.
MADISON, Wis.–More than a dozen credit unions are among the more than 70 employers in Wisconsin participating in a program that encourages employees to save automatically for emergencies.
PECOS, Texas–The U.S. District Court for the Western District of Texas has granted summary judgment in favor of the CFPB in an action filed by two trade groups challenging the payment provisions of the Bureau’s 2017 final rule covering “Payday, Vehicle Title, and Certain High-Cost Installment Loans.”
WASHINGTON–CUNA said its “Credit Union Awareness” initiative, better known to many as the “Open Your Eyes” campaign, is “making significant progress towards the goal of increasing consumer consideration for the credit union category.”
ZURICH, Switzerland—Merchants in Switzerland can now accept cryptocurrencies as a means of payment for goods and services, following a deal between one of Europe’s leading payment providers, Worldline, and crypto finance and technology pioneer Bitcoin Suisse, Pymnts.com reported.