LONDON—The Bank of England is poised to order banks to rein in lending to prevent the U.K. credit card market from overheating.
Fresh Today
ARVADA, Colo.–Partner Colorado Credit Union said it will host a free educational webinar, Cannabis Banking Q&A, on July 13, 2017, 10 a.m.-noon MDT, focused on banking challenges and solutions for the legal cannabis industry. The webinar will discuss the services offered by its Safe Harbor Private Banking Division.
MADRID, Spain—As fraudsters ramp up their skimming attacks, police in Europe may have slowed their efforts.
WASHINGTON–CUNA, NAFCU and CUNA Mutual Group have jointly filed an amicus brief supporting NCUA’s field of membership rule, which is being challenged in a lawsuit by the American Bankers Association.
WASHINGTON–The credit union trade groups said they will fight language in a bill that places NCUA under the appropriations process. The language was included in a House financial services and general government (FSGG) appropriations bill.
WASHINGTON–A credit union executive testified before a House subcommittee that the ever-growing regulatory burden is effecting its ability to serve members, and outlined specific ideas for reducing some of the paperwork CUs are filling out everyday.
WASHINGTON–Two senators are working on a bipartisan plan to overhaul Fannie Mae and Freddie Mac, including breaking up the giant mortgage finance companies that are currently operating under U.S. conservatorship.
ARLINGTON, Va.—NAFCU is calling for regulatory relief for credit unions under the Bank Secrecy Act in a letter to the House Financial Services Subcommittee on Financial Institutions and Consumer Credit.
LAS VEGAS—Wealth management accounts lead to more than larger member deposits, they drive deeper relationships.
LAS VEGAS – Although 2016 card fraud loss trends showed some improvement, escalating losses so far in 2017 indicate it could be a record year for fraud, a CUNA Mutual Group risk consultant told CUNA’s America’s Credit Union Conference here.