ALEXANDRIA, Va.–NCUA has made its proposed 2020–2021 budget available for review and comment.
Fresh Today
MONTEREY, Calif.–NCUA Chairman Rodney Hood told credit unions gathered here that he and the agency are focused on the core credit union value of “people helping people,” as he again also urged CUs to expand their efforts on financial inclusion.
WASHINGTON–The Federal Open Market Committee (FOMC) will begin two days of meetings today, with most analysts expecting a rate cut to be announced when the meeting concludes on Wednesday.
WASHINGTON–With the NCUA board having passed amendments its final rule on its FOM Chartering Manual, the question now is when federal credit unions might be able to take advantage of the expanded field of membership options.
WASHINGTON–The House and the Senate are back in session this week, with several pieces of legislation and hearings having the attention of credit unions.
NEW YORK–NCUA has been OK’d to amend its complaint to add a new plaintiff to attempt to establish standing and proceed with its lawsuit against Deutsche Bank National Trust Company (DBNTC), while the same court also ruled in part in favor DBNTC’s motion to dismiss, which limited the proceeding to NCUA’s breach of contract claims.
WASHINGTON–The Independent Community Bankers of America is taking its “Wake Up” campaign attacking the credit union tax exemption to the state level.
NEW YORK–As much as 15% of North American banks’ payments revenue — $88 billion — is likely to be displaced by the growth of digital payments and competition from non-banks, as payments become more instant, invisible and free, according to a new report from Accenture.
LAS VEGAS–That there is a huge need to bank the legal cannabis industry is a recognized reality within credit unions. But inside that reality are numerous other realities credit unions serving that industry have had to confront, according to several people who are doing just that.
LAS VEGAS–Groupthink is posing an increasingly larger threat to credit unions, according to one person.