LAS VEGAS–The findings of a large research project that probed consumers in California and Nevada for their opinions and behavior around financial services have been released here, and they offer both some reassuring news as well as data points that should serve as a “wake-up call.”
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LAS VEGAS–Two credit union employees came to Las Vegas and won $10,000--for charity.
LAS VEGAS–There is about one week left for credit unions to vote on the proposed merger between the industry’s two largest trade groups, with CUNA CEO Jim Nussle here urging attendees at the California and Nevada League’s REACH Conference to vote in favor.
WASHINGTON–During 2022, credit card companies charged consumers more than $105 billion in interest and more than $25 billion in fees, while consumers with revolving balances were charged more in interest and fees than they earned in rewards, according to a new CFPB report.
WASHINGTON–A new Fed report has identified the most salient risks facing financial institutions include inflation, potential large losses in both commercial and residential real estate, and financial stability.
LAS VEGAS–The former head of the FDIC and the Fed’s former vice chairman for supervision shared their thoughts on what happened with the failed Silicon Valley Bank, the response by regulators, whether AI could have helped stem that crisis, the challenge in hiring people at regulatory agencies, and more.
LAS VEGAS–Its name may be infamous and many may assume it is no longer in business, but among those hanging out their shingle during the Money 20/20 Conference here is Silicon Valley Bank.
WASHINGTON–The Federal Reserve Board has put out a request for comment on a proposal to lower the maximum interchange fee that a large debit card issuer can receive for a debit card transaction, with credit unions blasting the plan as a way for “greedy merchants to line their own pockets,” while retailers call it a “step in the right direction.”
MADISON, Wis.—Registration has opened for the 2024 World Credit Union Conference (WCUC), which is being cohosted by the World Council of Credit Unions (WOCCU) and CUNA at the Boston Convention Center July 21-24, 2024.
WASHINGTON–A review of the how the FDIC handled the failure of Signature Bank has found inconsistency in examinations, missed opportunities, supervision oversights and more.