WASHINGTON–The GAO has again issued a report that calls for consolidation among financial regulatory agencies.
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WASHINGTON—About half of the Federal Reserve's districts are reporting the month-long government shutdown resulted in slower economic activity in some sectors, according to the Fed's latest Beige Book data.
ALEXANDRIA, Va.–Member regulators of the Federal Financial Institutions Examination Council (FFIEC), which includes NCUA, have issued principles to promote consistency, clarity and ease of reference for the presentation of information in examination reports.
NEW YORK–Two credit unions have made a Top 15 list of the “most relatable financial services brands” among younger consumers ages 18-34.
BROCKTON, Mass.–A former credit union that converted to a mutual bank charter has announced plans to convert further to a public stock holding company.
BROOKFIELD, Wis.–Fiserv has joined the Financial Data Exchange (FDX) as a sustaining member. The FDX is a non-profit group formed to establish information sharing and security standards for the financial sector.
KEENE, N.H.–A New Hampshire credit union has agreed to merge with another CU across the state line in Massachusetts. Members of Cheshire County FCU have voted in favor of merging with Gardner, Mass.-based GFA FCU. The deal has been approved by NCUA, according to the CUs.
NEW YORK–Who was the seventh-largest housing lender in the U.S. during 2018? According to a new analysis, it was the Bank of Mom and Dad, which loaned more than $45 billion to younger buyers to help them purchase homes.
LAS VEGAS–One Nevada Credit Union said it is partnering with the Nevada Interscholastic Activities Association on all postseason high school contests in the state.
PITTSBURGH—PNC Bank is testing credit cards with constantly changing card verification values (or CVVs) to reduce online credit card fraud.