WASHINGTON—Considered a friend of credit unions, Rep. Mick Mulvaney (R-SC) has been chosen by President-elect Donald Trump to serve as director of the Office of Management and Budget. During his time in Congress Mulvaney has also been a critic of some of NCUA’s practices.
NEW YORK–Findings from a new study of mobile banking apps finds credit unions dominating the rankings.
ATLANTA–Where does mobile banking stand as 2017 gets underway? A new report offers a comprehensive overview, as well as some “keys to success.”
WASHINGTON—The Supreme Court has said it will hear the case of TC Heartland v. Kraft, which is expected to be closely watched by banks and credit unions due to its implications for financial institutions facing litigation from patent trolls.
ST. PETERSBURG, Fla.—The Fed’s move to increase the Fed funds rate by 25 basis points, only the second time the FOMC has raised rates this decade, could negatively impact margins and profitability for many credit union credit card portfolios, according to Chris Joy, principal with PSCU’s Advisors Plus credit card consulting team.
ARLINGTON, Va.—Much like CUs themselves that have gone through evolution in fields of membership and resulting name changes, the National Association of Federal Credit Unions (NAFCU) will be operating with a slightly different name as of Jan. 1 – the National Association of Federally Insured Credit Unions.
WASHINGTON—If the Trump administration’s proposed crackdown on remittances becomes law, use of Bitcoin in Mexico could soar, several news sources predict.
SAN FRANCISCO–The American dream of homeownership is getting more difficult to achieve; difficulty that won’t be getting any easier as rates continue rising and other factors come into play.
SAND SPRINGS, Okla.–Green Country FCU here has selected Fiserv as its technology partner and will move to the company’s Portico core account processing platform with integrated digital and mobile banking solutions.
WASHINGTON—The Federal Housing Finance Agency last week cited building a new single-family securitization infrastructure as one of its 2017 goals for Fannie Mae, Freddie Mac and Common- Securitization Solutions, the limited-liability company developing the necessary technology to issue single securities.
