WASHINGTON—Support for NCUA's proposed guidance that would allow credit unions to more easily hire job candidates with minor criminal records, is being offered by NAFCU, which said the proposal "ensures the safety and soundness of credit unions while extending opportunities to qualified candidates."
ARLINGTON, Va.– Both credit union trade groups are expressing support for an announcement by the Treasury Department and Federal Housing Finance Agency (FHFA) that Fannie Mae and Freddie Mac (GSEs) will be permitted to retain more capital.
WASHINGTON—The Federal Housing Finance Agency (FHFA) is instructing the Federal Home Loan Banks (FHLBs) to soon stop investing in and entering into transactions that are tied to the London Interbank Offered Rate (LIBOR).
KINGSPORT, Tenn.–Olan O. Jones, Jr., president and CEO of Eastman Credit Union, has announced plans to retire.
NEW YORK—Just in time for the holiday shopping season, Citigroup has announced it is raising interest rates for some of its credit card accounts.
RICHARDSON, Texas—CU REVL, LLC has acquired the assets of cuLearn, a CUSO focused on private education loan origination, the company said.
TULSA, Okla.–A credit union here has informed its members it will no longer serve medical marijuana businesses.
MADISON, Wis.– Forty-eight credit union leaders have been designated as Credit Union Development Educators (CUDEs) after completing the National Credit Union Foundation’s (the Foundation) Credit Union Development Education (DE) Training.
NEW YORK—Some advice is being given to retailers gearing up for the holiday shopping season—make sure your content is mobile friendly.
WASHINGTON–Federal banking agencies have increased theappraisal threshold for real estate transactions secured by a 1-to-4 family residential property to $400,000 from $250,000 to $400,000. Banks will still be required, however, to obtain evaluations of the transactions “consistent with safe and sound banking practices,” the agencies said.
