WASHINGTON–The American Bankers Association continues its stepped-up pressure on credit unions.
Fresh Today
ARLINGTON, Va.—According to the Commerce Department's final estimate for the first-quarter, the U.S. economy grew 3.1% – growth which NAFCU Chief Economist and Vice President of Research Curt Long called "solid,” but he continues to predict a downturn.
ALEXANDRIA, Va. – NCUA issued one prohibition order in June. The individual is prohibited from participating in the affairs of any federally insured financial institution.
WASHINGTON— CUNA has submitted a letter to the Consumer Financial Protection Bureau that calls for “substantive amendments” to the Bureau’s Remittance Rule. The letter is a response to a request for information issued by the CFPB in April.
NEW YORK—It might be a few years until everyone is using global fifth-generation cellular wireless (5G) technology, but experts at Deloitte are predicting the new iteration of wireless could make an impact by the end of this year, especially in banking.
WASHINGTON—Student loan provider Sallie Mae is expanding into credit cards.
CORNING, N.Y.–The Education Credit Union Council has launched an updated website, saying it has made it easier for school and university credit unions to join the network and connect.
WASHINGTON—The Financial Accounting Standards Board (FASB) has issued a proposed accounting standards update to make technical corrections to its current expected credit loss (CECL) standard.
CONCORD, Calif.– The $1.1-billion Pacific Service Credit Union has named a new CEO. The credit union has selected Jenna Lampson to lead the organization, replacing Steve Punch who is retiring after 12 years in the role.
NEW YORK—A computer science student has scraped seven-million Venmo transactions to prove that users’ public activity can still be easily obtained, a year after a privacy researcher downloaded hundreds of millions of Venmo transactions in a similar feat.