WASHINGTON– The Merchants Payments Coalition, which is currently lined up in support of the Credit Card Competition Act that credit unions oppose, said the “soaring profits” just reported by Visa and Mastercard “are further evidence the credit card market is broken and not competitive.”
RALEIGH, N.C. –Coastal Credit Union is reporting it has added two new enhancements to its deposit products, particularly for checking account holders.
MADISON, Wis.–Filene said it will host a webinar in early November to discuss the initial results of its Member Voice Survey, which it calls a “comprehensive new tool” designed to analyze member engagement.
WASHINGTON—A group of 105 members of the House of Representatives, led by Elizabeth Warren (D-MA), have sent a letter to President Biden expressing their concerns about the potential misuse of cryptocurrency in financing terrorism.
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.
