WASHINGTON–The Independent Community Bankers of America is calling on Congress to close a loophole in the law that allows commercial and fintech companies to offer banking services.
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ARLINGTON, Va.—NAFCU has sent letters to Congress addressing the National Flood Insurance Program (NFIP) and the Bank Secrecy Act (BSA).
WASHINGTON—H.R. 1414, the bipartisan FinCEN Improvement Act, introduced by Congresswoman Jennifer Wexton (D-VA), has passed unanimously in the House. The legislation seeks to modernize the mission of the Financial Crimes Enforcement Network (FinCEN).
WASHINGTON—Sen. Tim Scott (R-SC), during a Senate Banking Committee hearing with CFPB Director Kathy Kraninger, specifically noted the regulatory burden credit unions face under the Bureau.
CEDAR FALLS, Iowa–Forced by the state legislature to change its name, University of Northern Iowa Credit Union has unveiled its choice. The 64-year-old CU is changing its name to UNITE Credit Union, a play on the university’s abbreviation, UNI.
ONTARIO, Calif.–CU Direct said it has signed on with CUNA’s national awareness initiative, “Open Your Eyes to a Credit Union.” Although it did not provide a figure, CU Direct said it is providing financial support for the effort.
DES MOINES, Iowa—The Iowa Credit Union League’s holding company, Affiliates Management Company (AMC), has launched a cybersecurity training firm to serve credit unions.
SCOTTSDALE, Ariz. – A new study has found 50% of first-time P2P users are age 45 or older.
ALEXANDRIA, Va.—NCUA has released its 2018 Annual Report.
TALLAHASSEE, Fla.–A former loan officer with FSU Credit Union here has been indicted on federal charges of embezzling more than $800,000.