WASHINGTON—The Bank Term Funding Program (BTFP), which was created by the Fed to provide emergency lending in the wake of the crash of Silicon Valley Bank and other banks in 2023, will cease making new loans as scheduled on March 11.
Fresh Today
ALEXANDRIA, Va.–NCUA has announced the dates for its 2024 Summit on diversity, equity, and inclusion.
RALEIGH, N.C.– Professional League Resources (PLR), a subsidiary of the Carolinas Credit Union League (CCUL), said it has entered into a partnership with Dolphin Debit, the ATM and ITM management company.
WEST VALLEY CITY, Utah— Utah First Credit Union has bought the naming rights to a popular outdoor venue in West Valley of Utah.
WASHINGTON—The Federal Trade Commission’s Office of Technology is hosting a free virtual tech summit today that will be largely focused on artificial intelligence. The event runs from 12-4:30 p.m. ET.
SPOKANE, Wash.–CU Strategic Planning is reporting three of its client credit unions have been awarded $200,000 in grants each through California’s Investment and Innovation Fund Program.
Blimey. In One Country, Survey Finds One-Quarter of BNPL Users Have Been Charged Late Repayment Fees
LONDON—Almost one-quarter of users of buy now, pay later (BNPL) financing in the United Kingdom have been charged late repayment fees, with younger consumers hit hardest, according to new research.
HAMILTON, Ontario–In a preview of a trend that will likely soon be arriving at credit unions in the U.S., FirstOntario Credit Union said it is partnering with Everlink and Flinks to provide its members with open banking services.
SEATTLE—Credit unions have some big company when it comes to objecting to CFPB oversight: Amazon.
KALAMAZOO, Mich.–Advia Credit Union said it is reaching across state lines to buy a bank.