Fresh Today

Fresh Today

ALEXANDRIA, Va.–NCUA has issued a regulatory alert related to provisions of the CFPB’s payday lending rule, which was revised last month. The agency noted the compliance deadlines under the CFPB’s payday lending rule are stayed under a court order due to pending litigation.

WASHINGTON—The federal banking agencies, including NCUA, have issued a joint statement updating their existing enforcement guidance to enhance transparency regarding how they evaluate enforcement actions that are required by statute when financial institutions fail to meet Bank Secrecy Act/anti-money laundering (BSA/AML) obligations.

MADISON, Wis. – The World Council of Credit Unions (WOCCU) presented the Indiana Credit Union League with the 2020 Distinguished Service Award, the highest honor paid to individuals and institutions by the worldwide credit union movement. The award was created to recognize outstanding contributions to international credit union development and was announced during WOCCU’s recent virtual annual meeting.

WASHINGTON—With consumers worried about touching surfaces during the coronavirus pandemic, the use of mobile payments and contactless credit or debit cards has significantly increased in the past few months, according to research released by the National Retail Federation (NRF) and Forrester.

WASHINGTON–Millennials, whose financial prospects took a hit by entering the workforce just as the financial crisis was raging or the economy was seeking to recover, are now being hit again, this time by the coronavirus pandemic.