NEW YORK—The coronavirus pandemic’s impact on the economy is leading major card issuers to reduce or even eliminate special balance transfer offers. Among the big issuers reducing incentives for balance transfers have been JPMorgan Chase, Citigroup, Bank of America, Barclays and Capital One.
ALEXANDRIA, Va.–NCUA has issued a pair of legal opinion letters, the first on the “reasonable proximity” requirement of the FCU Act, and the second on MSRs and data input.
SPOKANE VALLEY, Wash.–Two credit unions have announced plans to merge in a deal that would cross state lines and create a CU operating in four states.
CHATTANOOGA, Tenn.–The Tennessee Credit Union League has entered into a partnership with Dolphin Debit, the ATM management company, to raise visibility of the company with the 135 CUs in the Volunteer State.
ALEXANDRIA, Va. – The financial services industry must make an institutional commitment to the values of diversity, equity, and financial inclusion, National Credit Union Administration Chairman Rodney E. Hood said Wednesday.
WASHINGTON—As the House Appropriations Subcommittee on Financial Services and General Government (FSGG) begins its markup of the fiscal year 2021 FSGG bill, NAFCU's Brad Thaler is calling for strengthening the Treasury's Community Development Financial Institutions (CDFI) Fund and NCUA's Community Development Revolving Loan Fund (CDRLF), which are utilized by credit unions to support low-income communities.
ALEXANDRIA, Va.—NCUA’s Office of Inspector General (OIG) conducted a self-initiated audit of the Asset Management and Assistance Center (AMC) that found its control activities over its liquidation process adequately have safeguarded personally identifiable information (PII) during the pre-liquidation planning process, records maintenance, and destruction of records of liquidated credit unions.
WASHINGTON—CUNA has written to the House Appropriations Subcommittee on State-Foreign Operations and Related Programs expressing strong support for the $17-million funding level for the Cooperative Development Program (CDP) in fiscal year 2021.
MIDDLETON, Wis. – The American Credit Union Mortgage Association (ACUMA) said it will host a virtual conference, “Celebrating Credit Union Mortgage Heroes,” Sept. 22-23.
WASHINGTON—Could slot machines drive greater use of digital wallets?
