NEW YORK— The global digital remittance market is forecast to reach $23.4 billion in 2024.
Fresh Today
ALEXANDRIA, Va.–By a 2-1 vote, the NCUA board has put out for 60-day comment a proposal on incentive-based compensation arrangements for credit unions of $1 billion or more in assets, rules that have been in development since the financial crisis of nearly 15 years ago.
ALEXANDRIA, Va.–By a 3-0 vote, the NCUA board has approved an 18-month temporary extension of the 18% interest rate ceiling for federal credit unions, with staff noting more than a thousand CUs would take a financial hit if it were lowered.
ALEXANDRIA, Va.–While the NCUA board has a 2-1 split between Democrats and Republicans, NCUA Chairman Todd Harper began the July board meeting by saying the recent assassination attempt on Donald Trump is a reminder that disagreements will always exist, but cooperation is paramount in a democracy.
ALEXANDRIA, Va.–The NCUA has put out for 60-day comment a revised proposal that would require succession planning for all federally insured credit unions. The proposed rule defers to state regulators in cases where there are conflicting rules for state-chartered credit unions.
ALEXANDRIA, Va.–When the National Credit Union Administration board meets today it will consider a new rule to require federal credit unions to provide information on executive compensation to their members.
LATHRUP VILLAGE, Mich.–A court has ruled against Michigan First Credit Union in its bid to seek damages from T-Mobile for losses from so-called SIM swap scams.
ST. PETERSBURG, Fla.– With summer here, consumer debit spending growth in June 2024 remained positive, while credit spending continued to slow, according to the newest Payments Index analysis from Velera.
WASHINGTON–The Independent Community Bankers of America has issued a statement critical of the Federal Home Loan Bank of New York’s announcement it will be restricting lending by its member banks.
BOULDER CITY, Nev.–Mitchell Stankovic and Associates said it will be announcing a new initiative to “unshackle” credit unions from legacy technology on Oct. 26 as part of its UNDERGROUND event in Las Vegas.