ANAHEIM, Calif.–In a fast-moving hour of one-liners about the economy and more, credit unions here were given an overview on everything from how the world is changing, what’s ahead for inflation and a recession, and the “four most dangerous words in finance.”
ANAHEIM, Calif.–The best credit union lenders in the country were recognized here.
WASHINGTON–The Bureau of Consumer Financial Protection will “reconsider” its pending rules on payday loans as part of a new proposal.
LAYTON, Utah–CUProdigy, a provider of cloud-based core data processing for credit unions, said it has partnered with Quatrro Processing Services to integrate Quatrro’s complete fraud detection and prevention suite directly into the CUProdigy core.
MILWAUKIE, Ore.–Cutting Edge FCU here said it is using a $600,000 grant from Treasury’s Community Development Financial Institutions (CDFI) Fund to expand its affordable used-auto loan program for low-income members.
WASHINGTON–What will the pending CECL rules mean for banks in the U.S. once they are implemented? The United Kingdom’s banks may offer a preview.
COLUMBIA, S.C. – What exactly is “DOMOTO?” It’s the theme being used on billboards and in television commercials in this market sponsored by South Carolina FCU.
The billboards promote a partnership between the credit union and businesses in the market, with DOMOTO an abbreviation for “Do More Together.”
LANSING, Mich.—The Michigan Department of Insurance and Financial Services has issued an order authorizing all Michigan-state chartered credit unions to invest, without limitation, in the obligations of government sponsored enterprises (GSEs) as long as it is in a safe and sound manner.
NEW YORK/LONDON/HONG KONG–It isn’t just credit unions warily watching emerging competition from fintechs and other players.
WASHINGTON—Federal Reserve Gov. Lael Brainard has offered her perspective on how fintech might change the way the financial industry meets the needs of underserved consumers and improve financial inclusion. Brainard said she is "cautiously optimistic” about the prospects.
