SEATAC, Wash.––Despite the pandemic pushing a popular annual fundraiser into a virtual environment, credit unions in the Pacific Northwest raised more than $700,000 for Credit Unions for Kids and Children’s Miracle Network Hospitals in Idaho, Oregon and Washington.
WASHINGTON—The CFPB's Credit Union Advisory Council (CUAC) met this week via conference call alongside the Bureau's other advisory councils to discuss two of the Bureau's ongoing efforts related to implementing the Dodd-Frank Act: Section 1071 for small business lending data collection, and section 1033 for consumer access to financial data.
ALEXANDRIA, Va.–Following an update on the state of the National Credit Union Share Insurance Fund, one NCUA board member said CUs need to brace themselves for a future premium assessment, while another board member said if some people had had their way any such premium would have been even larger.
ALEXANDRIA, Va.–The NCUA Board has voted 3-0 in favor of a proposal to allow credit unions to capitalize interest on consumer mortgage loans in connection with loan modifications made during the pandemic.
ALEXANDRIA, Va.–Two members of the NCUA board have indicated they will not vote for the agency's proposed 2021 staff budget as it is currently written and which was recently announced by the agency.
CARMEL, Ind.—Allied Solutions has entered into a strategic partnership with Interface.ai, which it said has several decades of experience building enterprise-grade technology for financial institutions.
BURLINGTON, Mass.—There is some good news mixed with some bad news in a new analysis of the financial services industry and data security.
MADISON, Wis.–The World Council of Credit Unions (WOCCU) will host a webinar titled “Driving Digital Transformation in the COVID-19 Era” on Dec. 8 at 9 a.m. E.T.
ALEXANDRIA, Va.–NCUA’s Office of Inspector General has made two recommendations it said it would improve the effectiveness of the agency’s information security and its privacy programs and practices.
NORTH EAST, Penn.–North East Welch FCU has selected CO-OP Financial Services as its new PIN and debit processing partner.
