‘Congratulations, You’re Now a CDFI! Wait, No You’re Not.’ CUNA Raises Concerns Over Reversals 07/10/2022 03:24 pm WASHINGTON—Concerns over reports some credit unions are being awarded community development financial institution (CDFI) designations only to have them revoked until they cure “perceived deficiencies” have been raised in a letter from CUNA to CDFI Fund Director Jodie Harris.
Used Car Values That Were Braking, Braking…Hit the Gas Again 07/10/2022 03:27 pm LAWRENCEVILLE, Ga.—After two months of declining values, used car prices have once again headed upward, Black Book reports.
Mortgage Rates Mark Single-Biggest 1-Week Decline Since 2008 07/10/2022 03:24 pm WASHINGTON–Mortgage rates recorded their largest decline since 2008 last week, according to new data from Freddie Mac.
PSECU Names Seibert Chief Financial Officer 07/11/2022 11:19 am HARRISBURG, Penn.--PSECU has named Gina Seibert Chief Financial Officer.
Sikorsky CU Awards 5 Scholarships 07/11/2022 10:04 am STRATFORD, Conn. –Sikorsky Credit Union has awarded five $1,000 scholarships to high school seniors who are headed to college this fall.
Fed’s Vice Chair Calls for More Regulation Around Crypto to Reduce Risk to Financial System 07/11/2022 07:32 pm LONDON–Federal Reserve Vice Chair Lael Brainard is calling for regulation around cryptocurrencies to reduce risk to the overall financial system.
Car Accident Reveals Ex-CU CEO is Wanted for Alleged Embezzlement 07/11/2022 07:32 pm JACKSON, Miss.–The former CEO of a credit union who had left the post to go to work for the county here has been indicted for alleged embezzlement during his term at the CU.
In U.K., More Than 6-Million Now Using Open Banking Services 07/11/2022 07:30 pm LONDON—More than six million individuals and businesses in the U.K. now regularly use open banking services, the country’s Open Banking Implementation Entity (OBIE) is reporting.
Treasury Seeking Comment on ‘Responsible’ Development of Digital Assets 07/11/2022 07:32 pm WASHINGTON—The Treasury Department has issued a request for comment (RFC) on the responsible development of digital assets, which fulfils its consultative requirement under President Biden's Executive Order on Ensuring Responsible Development of Digital Assets.
