WASHINGTON–An announcement by the Office of the Comptroller of the Currency that it is reviewing and rethinking Community Reinvestment Act (CRA) rules put in place during the last days of the Trump Administration was the subject of numerous questions during a House hearing.
BOSTON–The economy may be improving, but credit union leaders may want to pay attention to members who are small business owners, as the number of small businesses that can’t pay their rent actually increased in May over April.
SAN FRANCISCO–Bank of America has announced plans to boost its minimum wage to $25 an hour by 2025.
ALEXANDRIA, Va.–The CEO of CommonWealth One FCU here has announced plans to retire in August, with the credit union saying it has launched a search for a replacement.
WASHINGTON — The pace of the U.S. economy's recovery from the pandemic has officials with the Federal Reserve sharing new concerns over inflation.
INDIANAPOLIS–A new report from NCUA’s Office of Inspector General (OIG) confirms the reason behind the first CU liquidation of 2021 was due to alleged fraud. The report also lists the grounds for liquidation related to a different credit union.
LONDON —Facebook’s digital currency project Diem (formerly known as Libra) has withdrawn its application for a Swiss payment license and will instead shift its operations to the United States.
BOSTON—Research on a central bank digital currency is still ongoing as the central bank continues to weigh the implications of digital bank notes for the U.S., according to Boston Federal Reserve Bank President Eric Rosengren.
MARIETTA, Ga.–Additional positions for which credit unions are seeking candidates continue to be added to CUToday.info’s free job board, The Gig.
MOUNTAIN VIEW Calif.—Mobile wallet platform Google Pay is partnering with money transfer companies Wise and Western Union to allow its U.S.-based users to remit money to India and Singapore, marking the tech company's first foray in the multibillion-dollar global remittance market.
