SAULT STE. MARIE, Mich.–A “walkabout” program during which U.S.-based credit union leaders can learn about and from their Australian counterparts has been announced for 2019.
Fresh Today
WASHINGTON–The Federal Deposit Insurance Corporation (FDIC) has issued a notice of proposed rulemaking to raise the threshold for residential real estate transactions requiring an appraisal to $400,000.
WASHINGTON—The Bureau of Consumer Financial Protection, Federal Reserve Board of Governors, and Office of the Comptroller of the Currency have announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2019 will increase from $26,000 to $26,700.
ALEXANDRIA, Va.–The video recordings of the National Credit Union Administration’s Oct. 17, 2018, public budget briefing and Oct. 18, 2018, open board meeting are now available on the agency’s website.
NORFOLK, Va.–Chartway FCU has officially opened a branch newly redesigned by NewGround here that represents a significantly different retail approach for the credit union.
DENVER—Colorado’s Division of Securities has issued a cessation order to four cryptocurrency firms for issuing unregistered securities through Initial Coin Offerings (ICO).
NEW YORK—American Express has become the first U.S. credit card company to get the green light to start building its own payments network in China.
SAN FRANCISCO—Wells Fargo consumers appear to be standing by the bank, which has been hit by a number of scandals over the past few years, most notably the creation of up to 3.5 million fake accounts.
NEW YORK—JPMorgan Chase has become the first major U.S. bank to commit to adding tap-and-go technology to its entire portfolio of credit and debit cards.
ONTARIO, Canada–The biggest credit union in Ontario has cleared a regulatory hurdle in its efforts to launch a new national bank.