WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has issued three frequently asked questions on customer due diligence (CDD) requirements for covered financial institutions.
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MENTOR, Ohio—Cardinal Credit Union has expanded its relationship with PSCU, the CUSO announced.
LAHAINA, Maui–Credit unions on this island are participating in a new Kōkua Maui County Small Business Recovery & Relief Fund aimed at assisting small businesses as they deal with the effects of COVID-19.
NEW YORK—With many people under financial pressure during the pandemic, many are turning to what are known as “buy now, pay later” services to make their purchases.
NEW YORK–The ongoing shortage of coins has led to everything from some banks paying a premium for change to a government task force making its own recommendations.
WASHINGTON—The Consumer Financial Protection Bureau has issued a request for information (RFI) on how best to create a regulatory environment that expands access to credit and “ensures that all consumers and communities are protected from discrimination in all aspects of a credit transaction.”
WASHINGTON—The Federal Housing Finance Agency (FHFA) has announced an extension of the temporary policy allowing the government-sponsored enterprises (GSEs) to purchase certain single-family mortgage loans in forbearance.
WASHINGTON–A new survey of senior loan officers released by the Fed has found banks tightening standards across all lending types.
SAN FRANCISCO–Uber, which for many years was held up at credit union conferences as one of the biggest threats to financial disruption, has now announced it is dialing back its financial services plans.
WASHINGTON—CUNA has expressed concerns the Office of the Comptroller of the Currency is considering “industry altering changes” without sufficient public consideration, it wrote to the agency.