Fresh Today

WASHINGTON –The Economic Opportunity Coalition, a group of nearly 30 private sector companies and foundations working to make investments in underserved communities – has announced a commitment to secure $3 billion in deposits for community development financial institutions (CDFIs) and minority depository institutions (MDIs), according to Treasury.

LAS VEGAS–The California and Nevada Credit Union Leagues honored the newest recipients of its League Awards, Advocacy Awards, and Network Awards during its REACH Conference here.

DUBLIN, Ireland–Credit unions in this country will be able to take part in larger loan syndications and the creation of corporate credit unions would be permitted under proposed new legislation.

NEW YORK—The global market for wearable payment technology is expected to be worth $137 billion by 2030, a new report predicts.

ARLINGTON, Va.—This week’s eye-popping numbers on U.S. economic growth are not necessarily an indicator the Fed will boost rates when it next meets in December, unless new data show inflation continues to rise, according to one credit union economist.

ALEXANDRIA, Va.– The National Credit Union Administration’s staff draft budget for 2024–2025 is now available on the agency’s website for review and comment, with the agency announcing plans to host a public budget briefing at its headquarters office on Nov. 16.

ARLINGTON, Va.—New home sales rose 12.3% in September to 759,000 annualized units, while sales in August were revised up 1,000 units. Compared to last year, September’s sales were 33.9% higher, according to new data from the Census Bureau.

WASHINGTON—Credit unions are concerned that the exponential growth of "buy now, pay later" products has outpaced prudential regulatory oversight and will ultimately lead to consumer harm, CUNA wrote to a House Financial Services subcommittee ahead of its hearing on innovation in financial services.

WASHINGTON—The Consumer Federation of America and the Center for Responsible Lending have published a new report they say offers an in-depth analysis of the Buy Now, Pay Later (BNPL) industry, which reveals  “substantial misunderstandings among consumers and a critical absence of regulatory oversight on a national scale.”

LAS VEGAS–During the Money 20/20 conference here, the inaugural class of the Money20/20 Startup Network was announced.