TALLAHASSEE, Fla.—Credit unions in and around the state of Florida are moving quickly to support CUs, staff and members impacted by Hurricane Michael, which has delivered “unprecedented” damage to CUs that could leave many offices without power for months, the League of Southeastern CUs reported.
ALEXANDRIA, Va.—The NCUA board on Thursday is expected to finalize a rule to amend its 2015 risk-based capital rule during its open meeting. Compliance with the much-delayed rule would be pushed back another year by the latest proposal.
ARLINGTON, Va.—Overall consumer prices rose 0.1% in September – increasing for the sixth consecutive month – but year-over-year growth slowed sharply to 2.3%. NAFCU Research Assistant Yun Cohen attributed the deceleration to vehicle and energy prices.
ALBANY, N.Y.—The New York Department of Financial Services (DFS) has filed its second lawsuit against the Office of the Comptroller of the Currency (OCC) over the agency’s plan to permit fintech companies to apply for Special Purpose National Bank Charters.
AUSTIN, Texas—The Texas Credit Union Department is cautioning state-chartered credit unions over indirect auto lending programs.
DUNCAN, Okla.–Halliburton Employees’ Federal Credit Union has officially announced a new name. The $150-million CU said it is Endurance Federal Credit Union.
BETHESDA, Md.—Thousands of Marriott workers around the country are on strike, and some of their complaints center on fees they’re paying to their company’s credit union.
BRIDGEWATER, Mass.–Two Massachusetts credit unions are taking another stab at merging.
BROOKFIELD, Wis.—Fiserv announced that a growing number of financial institutions are enhancing their person-to-person payment capabilities by joining the Zelle Network via Fiserv.
ALEXANDRIA, Va.–NCUA has put out for comment a proposal that calls for revising the requirement for submission of written agreements between credit unions and CUSOs to only apply to new investments in CUSOs.
