LIMA, Peru—USAID and World Council of Credit Unions (WOCCU) are reporting they brought together representatives of more than 200 public and private sector organizations for a pair of events in Peru and Ecuador that focused on the United States’ commitment to the socioeconomic integration of vulnerable local and migrant populations through sustainable initiatives like the newly extended Economic Inclusion Project (EI
WASHINGTON—In response to an action filed by the Federal Trade Commission, a federal court has entered a temporary restraining order against the operators of a Florida-based business firm offering an “opportunity” and real estate investment training scheme known as Ganadores Online and Ganadores Inversiones Bienes Raíces.
PHILADELPHIA–Credit unions have increasingly focused on “meeting members at where they are” in life. A new analysis has found that while people still experience key life milestones, they are coming later in life than they did 40 years ago.
WASHINGTON— The Community Development Financial Institutions (CDFI) Fund’s budget would be reduced to $278 million—a reduction of $46 million--under the House fiscal year 2024 financial services and general government (FSGG) funding bill released by the House Appropriations Committee.
WASHINGTON–In a bipartisan vote, the Senate Banking Committee has agreed on a bill that would stiffen penalties for executives of failed banks, increase oversight of the Federal Reserve and restrict takeovers by megabanks.
WASHINGTON–The American Bankers Association said it is “disappointed” in a statement by the chairman of the FDIC that higher capital standards for banks are likely ahead.
MADISON, Wis.–The Worldwide Foundation for Credit Unions has launched a “Resilience Initiative” in Ukraine, with $500,000 allocated for credit union loans targeting vulnerable populations and sustainable development.
WASHINGTON — Bank economists expect credit conditions to soften over the remainder of 2023 due to the economic headwinds faced by consumers and businesses, according to the American Bankers Association’s latest Credit Conditions Index.
WASHINGTON–Cathie Mahon, president/CEO of Inclusiv, testified before the Senate Climate Change Task Force that CDCUs can play a key role in advancing climate solutions and equity by deploying Greenhouse Gas Reduction Fund resources to the underserved urban, rural, reservation-based, and historically redlined communities, which the Fund is intended to reach.
WASHINGTON—Far from increasing credit card competition, the Marshall-Durbin-Gooden-Lofgren interchange bill would hurt consumers and small businesses while benefitting big box retailers, according to a letter to the House and Senate singed by CUNA, the American Association of Credit Union Leagues, and all state leagues and associations.
