Ahead of Senate Hearing, NAFCU, CUNA Outline Issues Where They Want to See Focus 08/03/2021 07:19 pm WASHINGTON—Both NAFCU and CUNA sent letters to the Senate Banking Committee ahead of a hearing to provide oversight of federal financial regulators – including NCUA – urging the committee to keep credit union concerns in mind.
Bank Regulators Grilled on Mergers; NCUA Asked About Service in Small Communities 08/03/2021 07:22 pm WASHINGTON–Banking industry regulators were grilled during a Senate hearing on why they continue to “rubber-stamp” bank mergers at the expense of consumers, while NCUA’s chairman was asked how the regulator ensures small and rural towns aren’t being left without physical branches when mergers occur.
Treasury, HUD, VA & Others Issue Statement on CDC Eviction Moratorium 08/03/2021 07:20 pm WASHINGTON—Treasury, the Department of Housing and Urban Development (HUD), the Department of Agriculture, the VA, along with FHFA have released a joint statement addressing the CDC's eviction moratorium.
Nearly $1.3M Raised By CUs for Worldwide Foundation to Meet CUNA Mutual’s Matching Challenge of $1M 08/03/2021 07:19 pm MADISON, Wis.—Nearly $1.3-million has been donated by credit unions and other organizations to the Worldwide Foundation for Credit Unions in just three months, ensuring $1 million in matching funds will be provided as part of the CUNA Mutual Group Challenge.
Bill to Legalize Cannabis Is Introduced for First Time in Ohio Legislature 08/03/2021 07:18 pm COLUMBUS, Ohio–For the first time, a bill to legalize cannabis possession, production and sales has been filed in the Ohio legislature.
Senator Questions Risks From 3 Banks That Derive 100% of Net Income From Overdrafts 08/03/2021 07:21 pm WASHINGTON–Attention to overdraft fees continues to grow, including during a Senate hearing when one senator pressed regulators on the issue and had questions about the systemic risk posed by three banks that derive 100% of their net income from the fees.
Senior Loan Officer Survey Finds Standards Being Eased as Demand Continues to Grow 08/03/2021 07:19 pm WASHINGTON–The July 2021 Senior Loan Officer Opinion Survey on Bank Lending Practices released by the Fed has found that when it comes to loans to businesses, on balance respondents reported easier standards and stronger demand for commercial and industrial (C&I) loans to firms of all sizes over the second quarter.
Concerns, Recommendations Over Fed Proposal on PSR Are Shared by NAFCU 08/03/2021 07:21 pm WASHINGTON—Changes being proposed by the Federal Reserve to part II of its policy on payment system risk (PSR) are the subject of recommendations and concerns being raised in a letter from NAFCU.
Genisys CU Raises Funds For Human Service Agencies 08/05/2021 10:00 am AUBURN HILLS, Mich.–Throughout 2020 and 2021, members, employees, friends and family of Genisys Credit Union raised funds for Oakland Livingston Human Service Agencies (OLHSA) annual Walk for Warmth Campaign.
TDECU Hires Osterhage as Executive Vice President, COO 08/05/2021 11:11 am LAKE JACKSON, Texas--TDECU has hired Jason Osterhage as Executive Vice President and Chief Operating Officer.
