NEW YORK—American Express may be looking at making loyalty reward points more like real money, according to patent documents recently published by the US Patent & Trademark Office.
Fresh Today
ARLINGTON, Va.–NASCUS has proposed 13recommendations for regulatory changes in six different areas—some which would amend existing rules, and others which suggest exempting state-chartered credit unions from existing rules—in a comment letter responding to NCUA’s notice of regulatory review and call for comments under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA).
WASHINGTON—CUNA Tuesday sent NCUA its comment letter regarding the agency’s Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA).
ANAHEIM, Calif.—A new study reveals that traditional financial services are less compelling to Millennials, who define success through their family and children.
WASHINGTON—CUNA reported that its call for credit unions to weigh in on a proposed current expected credit loss (CECL) standard has resulted in more than 850 letters to the Financial Accounting Standards Board (FASB) so far, with credit unions nationwide sharing how the proposal will impact them.
ARLINGTON, Va.—NCUA Chairman Debbie Matz Tuesday reaffirmed that the agency will consider “good faith efforts” by credit unions to comply with the Truth in Lending Act and Real Estate Settlement Procedures Act (TILA/RESPA) integrated disclosures (TRID) rule during examinations.
NORWALK, Conn.–Two credit union representatives have been named as members of the Financial Accounting Standards Board’s (FASB) Transition Resource Group (TRG), related to its upcoming credit losses standard.
SAN DIEGO–Anne Legg, well known to many for a career in both credit unions and with a major credit union solutions provider, has founded THRIVE Strategic Services to work with credit unions to “develop transformational business strategies designed to allow them to thrive in a competitive, highly regulated and disrupted business climate.”
WASHINGTON—The CFPB has issued an interim final rule that broadens the availability of certain special provisions for small creditors that operate in rural or underserved areas.
BIRMINGHAM, Ala.—More payments analysts are saying that the slow-moving chip transaction, backing up lines at checkout counters across the U.S., is a boon for digital wallets.