WASHINGTON—Sens. Dan Sullivan (R-AK) and Mazie Hirono (D-HI) have introduced a bill to exempt loans made to veteran-owned businesses from a credit union’s member business lending cap, the Veterans Member Business Loan Act (S. 2834).
Fresh Today
WASHINGTON–Both the House and Senate are back in session this week, and while there are bills credit unions are watching, all of the attention is going to be on the impeachment hearings now underway in the House.
ROCHESTER, N.Y.–A man has been found guilty of a murder that took place inside a credit union lobby in what had been a long-time cold case before a suspect was identified.
ARLINGTON, Va.—Total consumer credit rose 2.8% in September (seasonally-adjusted, annualized) and is up 4.9% versus a year ago.
WASHINGTON—The CFPB’s proposed use of "tech sprints" to encourage innovation and address regulatory compliance challenges would be a benefit to credit unions in the form of modernized and streamlined supervisory processes, NAFCU told the Bureau in a comment letter.
LANSING, Mich.–Superbia Credit Union here will be one of the first issuers to implement Mastercard’s True Name feature for their card offerings, enabling people to use the name they choose on their eligible credit, debit and prepaid cards, without the requirement of a legal name change.
RANCHO CUCAMONGA, Calif.–CO-OP Financial Services is reporting technical integration is now an easier process for credit unions following the launch of its Developer Portal, an Application Program Interface (API) management system that houses CO-OP APIs in a single, digital library.
WASHINGTON—Banks tightened their standards on credit card loans in the third quarter out of concern over a more uncertain economic outlook, according to the latest Federal Reserve survey of senior loan officers.
NEW YORK–Is the algorithm used in approving the new Apple Card biased against women?
MINOT, N.D.–Prairie Federal Credit Union has announced a name change. The $126-million Prairie FCU said it is changing its name to Aspire Credit Union, and also unveiling a new look.