MADISON, Wis.—Credit unions have been relaxing lending standards as they perhaps brace for a tougher lending environment in 2020, if the latest CUNA Mutual Trends Report data is any indication of what’s coming.
Fresh Today
WASHINGTON–The House Judiciary Committee has approved a bill that would decriminalize marijuana at the federal level, an issue on which in various forms credit unions have been lobbying. The Marijuana Opportunity Reinvestment and Expungement Act (MORE) of 2019, passed the committee on a 24-10 vote and now heads to the full House.
WASHINGTON—Ahead of a House Financial Services Committee Task Force on Financial Technology hearing this week to examine the role of big data in financial services, NAFCU Vice President of Legislative Affairs Brad Thaler shared the trade association’s position security of a consumer's financial data is a major aspect of consumer privacy and protection.
WASHINGTON—Members of the Federal Open Market Committee (FOMC) agreed that the labor market had remained strong since the last meeting, with economic activity rising at a moderate rate, according to minutes from the committee's October meeting.
MADISON, Wis. – CUNA Mutual Group said it has developed a new online resource to help credit unions keep their employee and executive benefits funding programs compliant with NCUA regulations.
MILWAUKEE, Wis. – The president of InterLutions, a CUSO that provides the I-Care employee benefit solutions, said credit unions need to change their thinking around purchasing insurance and delivering benefits to employees.
JACKSON, Miss.–A prominent credit union leader here is saying a proposal by the OCC and the FDIC that encourages high-cost lenders to partner with banks will undermine state law protections and put many people, especially low-income individuals, at risk in the Deep South.
PHOENIX—OneAZ has named a new president and CEO. The $2.5-billion OneAZ has selected Kim Reedy to lead the organization; Reedy previously served as EVP and CFO.
ST. PETERSBURG, Fla.–PSCU said it is prepared for the adoption of contactless cards and so far this year has already distributed more than 500,000 such cards to members of 14 of its member-owner credit unions through natural reissuance.
LIVONIA, Mich.–The Save to Win program is expanding into Georgia.