TALLAHASSEE, Fla.—Hurricane Irma hit Florida with a powerful punch as it created havoc from high winds and flooding rain for two-thirds of the credit unions in the state, which are just now getting back to serving members.
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LAWRENCEVILLE, Ga.—Hurricane Harvey is having a positive effect on used car prices.
LITTLETON, Colo.—Safe Harbor Private Banking, a CUSO of Partner Colorado Credit Union that provides a compliant banking program for cannabis businesses, said it is partnering with CanPay, a debit payment solution for the cannabis industry, to offer banking services and cashless payments statewide for Hawaii’s cannabis businesses.
DENVER–Denver Community Credit Union here has named co-CEOs to replace the retired Carla Hedrick.
WASHINGTON—Two-thirds of all credit unions that would have been subject to home equity line of credit reporting under the Home Mortgage Disclosure Act (HMDA) will receive direct exemptions, according to Consumer Financial Protection Bureau final rule published in the Federal Register this week.
WASHINGTON—The Consumer Financial Protection Bureau said that recent supervisory actions have resulted in $14 million in relief to more than 104,000 harmed consumers from January through June 2017.
BROOKFIELD, Wis.–Fiserv has announced it has launched Prologue Credit Loss Manager, which provides support for the final Current Expected Credit Loss (CECL) standards from the Financial Accounting Standards Board.
TYSONS, Va.–The $22.8-billion PenFed Credit Union has issued a statement saying it supports an NCUA proposal to begin paying rebates to credit unions from the Temporary Corporate Credit Union Stabilization Fund (TCCUSF).
BREWER, Maine–Regulators have given the green light to EMMC FCU here and Acadia FCU in Fort Kent, Maine, to move forward with a planned merger. Next up is a Sept. 26 vote on the combination by members of EMMC FCU.
MADISON, Wis.—CUES announced a new group of credit union leaders has completed its Strategic Innovation Institute and earned the prestigious Certified Innovation Executive (CIE) designation.