ALEXANDRIA, Va.–The NCUA board has put out for comment a proposed rule related to credit union acquisitions of banks—although both Chairman Rodney Hood and agency staff stressed that credit unions do not technically purchase banks–with a focus on clarifying the process.
ARNOLDS PARK, Iowa —A question about the credit union tax exemption was posed to one of the Democratic candidates for president.
ALEXANDRIA, Va.–NCUA is now soliciting bids for its entire taxi medallion loan portfolio, which includes approximately 3,500 medallions from New York City and Chicago.
PONCE, Puerto Rico–Some financial cooperatives on this island are among those that have suffered physical damage as the result several earthquakes, including a 5.9 magnitude quake on Saturday morning, the epicenter of which was eight miles offshore.
WASHINGTON—It doesn’t appear the Fed will be moving to change rates anytime soon. Members of the Federal Open Market Committee agreed that the labor market had remained strong since November, with economic activity sustaining moderate growth, according to minutes from the committee's December meeting.
SYDNEY, Australia–This country’s Customer Owned Banking Association (COBA), which includes credit unions, said its member institutions are pledging to work with customers/members as wildfires continue to ravage much of the country.
NEW YORK—Americans have accumulated near-record levels of credit card debt over the past year as card companies have increased interest rates and fees.
ARLINGTON, Va.–Credit unions certainly had a few legislative victories in 2019, but other priorities that had looked promising when the year began never materialized, some of which were surprising, according to NAFCU’s Carrie Hunt.
ST. PETERSBURG, Fla.—Consumers started shopping earlier and spending more this holiday shopping season, according to preliminary data from PSCU.
ATLANTA–Even though it is being sued over its new name, that hasn’t stopped the new Truist Bank from putting its name on the baseball stadium that is home to the Atlanta Braves.
