WASHINGTON--As part of a proposed renewal of Bank Secrecy Act collection requirements, the Financial Crimes Enforcement Network (FinCEN) is now accepting comments from financial institutions on reporting burdens under section 314(a) of the PATRIOT Act, America's Credit Unions noted.
Fresh Today
WASHINGTON--Jonathan McKernan is now Under Secretary for Domestic Finance at the United States Department of the Treasury after the Senate voted Tuesday to confirm his appointment, America's Credit Unions reported.
WASHINGTON—Just who are community banks really competing against?
SACRAMENTO, Calif. — SAFE Credit Union is putting financial education directly into the hands of its youngest members, rolling out debit cards for children as young as six, ABC 10 reported.
Seven-Year Car Loans Surge Past 20%, Downpayments Fall: Edmunds Warns Of Growing Strain On Borrowers
SANTA MONICA, Calif. — New-vehicle financing trends in Q3 2025 continue to underscore the affordability challenges facing car shoppers, Edmunds reports, noting that more than one in five car loans stretching to seven years or longer.
NEW YORK— U.S. consumers grew more concerned about inflation and the labor market in September, according to new data from the Federal Reserve Bank of New York’s Survey of Consumer Expectations.
WASHINGTON— In a development that could heighten the need for credit unions to assist members affected by the government shutdown, POLITICO reports that furloughed federal employees may not receive back pay once the shutdown ends, according to a memo circulated by the White House.
PERU, N.Y.—Members of $57-million Mountain Valley FCU here have voted to approve the merger with $2.8-billion AmeriCU Credit Union, based in Rome, N.Y.
WASHINGTON—The Office of the Comptroller of the Currency moved this week to significantly ease oversight of community banks, unveiling a package of guidance and proposed rule changes aimed at cutting red tape, streamlining licensing, and eliminating outdated reporting requirements—including fair housing data collection rules the agency says are no longer necessary.
MANCHESTER, Conn.—Police say thieves used a stolen pickup truck to rip open an ATM at Nutmeg State Federal Credit Union early Sunday, making off with an undisclosed amount of cash, the Stamford Advocate reported.