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OAKLAND, Calif.–Women of color start businesses at a faster rate than anyone, yet they remain underserved by lenders, according to new research conducted by CNote, a women-led community investment platform that says it has a mission of closing the wealth gap.

WASHINGTON—Credit unions, other financial service providers, consumer groups, Congress and others have now gotten their first insights into the priorities of new CFPB Director Rohit Chopra, who testified twice before Congress this week.

WASHINGTON—NCUA needs to conduct a broader evaluation of proposed amendments to its 2020 Subordinated Debt Rule, CUNA, NAFCU and Inclusiv have told the agency in a joint letter.

BAKERSFIELD, Calif.—Following a $2 million gift from Valley Strong Credit Union to the Bakersfield College Foundation, the Kern Community College District Board of Trustees voted to approve the naming of the college’s community education efforts linked to the college’s Energy Technology, Transfer and Workforce Development initiative as the Valley Strong Energy Institute.

ALEXANDRIA, Va.—Without action from NCUA, credit unions will fall behind when it comes to their ability to purchase digital assets, CUNA wrote in a letter to the agency in response to its Request for Information on digital assets and related technologies. 

SAN FRANCISCO–The co-founder and CEO of Twitter is predicting inflation is going to soar way be beyond what many are predicting.

LANHAM, Md. — The $410-million FedChoice Federal Credit Union has named a new president/CEO to succeed David Bunch, who is retiring.

NEW HAVEN, Conn.—Suretys, a digital insurance provider that offers a solution to replace the need for a cosigner for auto sales and leases, is reporting it will utilize $2 million in seed funding from Victorum Capital and other investors for market expansion, new product development, and team strengthening.

NEW YORK—More than ever, consumers’ use of automated payments to manage their subscriptions is gaining ground, a new study shows.

MADISON, Wis.–Forty-four credit union professionals earned designations signifying their expertise by successfully completing CUNA Marketing & Business Development Certification School, endorsed by CUNA Marketing & Business Development Council, which took place virtually in October.