WASHINGTON–Three members of Congress offered views on everything from unlocking opportunity to a bill on Beneficial Ownership to what the fate of Blockbuster means for credit unions and Congress.
Fresh Today
WASHINGTON–Thirty-five years ago, a young, African-American woman with no credit walked into a credit union and sat down with an older, white manager.
WASHINGTON–What’s the forecast for the 2020 election and President Trump’s re-election? It’s going to come down to 15 states, says one person.
WASHINGTON–One congressman says he is doing all he can to help credit unions deal with the effects of CECL, making it clear he’s not a supporter of the new accounting standard.
WASHINGTON–One senator said it’s easy to get applause from credit unions, which he got when he pledged his support “all the way to my toes” to protect the tax exemption—but said what he really wants is for credit unions to help tackle another issue that isn’t so easy.
FAIRPORT, N.Y.––Four more credit unions have announced plans to merge into two separate CUs.
TYSONS, Va.–PenFed Credit Union will be among the credit unions today commemorating the anniversary of the Sept. 11 terrorist attacks. The credit union has unveiled a 30x60 foot American flag on the side of its corporate offices in Tysons, Va.
WASHINGTON—Both credit union trade groups have sent a letter to the Senate Banking Committee as it held a hearing on housing finance reform.
WASHINGTON—The Federal Reserve said outstanding consumer credit at credit unions grew by $2 billion during July to $478.1 billion.
NEW YORK—Just how fast consumers are shifting to mobile devices to manage daily tasks can be seen in the adoption of mobile food ordering.