FHFA Sends Letter to FHLBs With Warning on LIBOR Alternatives 07/07/2021 07:49 pm WASHINGTON–The Federal Housing Finance Agency (FHFA) has sent a letter to the Federal Home Loan Banks cautioning that some of the alternatives being proposed for the soon-to-expire LIBOR may pose safety, soundness and reputational risks.
Card Issuers Continue to Ramp Up the Offers 07/07/2021 07:48 pm NEW YORK—U.S. credit card companies continue to ramp up and roll out new offers as they seek to grab market share amidst the economic rebound.
How to Get Beyond DEI 'Lip Service' 07/07/2021 08:16 pm TACOMA, Wash.—It wasn’t that long ago within the credit union community that saying there was more work to be done when it comes to diversity, equity and inclusion (DEI) was considered to be “ugly words,” according to one person.
El Salvador Plans to Give Citizens Bitcoin 07/07/2021 08:05 pm SAN SALVADOR, El Salvador— El Salvador’s president has announced plans to give the country’s citizens starter Bitcoin accounts with $30 in them to promote use of the cryptocurrency.
Fed Minutes Show Increasing Talk Over Inflation 07/07/2021 08:15 pm WASHINGTON–Minutes released from the Federal Open Market Committee (FOMC) meeting in mid-June show increasing concern among some officials that the Fed may be forced to hike rates or pare back bond purchases sooner than they had projected.
Lack of Chips Taking Toll on Chip Cards, as Vehicle Sales Also Tumble 07/07/2021 07:55 pm MUNICH, Germany—The microchip shortage plaguing so many industries could also disrupt the U.S. and global payments systems, the Smart Payment Association is warning.
UMCU Recognized by Americans for the Arts 07/07/2021 08:05 pm ANN ARBOR, Mich.–Americans for the Arts has named University of Michigan Credit Union an Arts + Business Partnership Award honoree for 2021.
DDJ Myers Releasing Series of White Papers on Mergers 07/07/2021 08:05 pm PHOENIX–DDJ Myers has released a three-part series of white papers it said is designed to guide credit union leaders as they navigate the difficult roads surrounding mergers and acquisitions.
Could New Rules Lead to an Automatic DQ for CUs? 07/08/2021 09:13 am In the lead-off spot, a sports prediction, with a semi-sports-related prediction on deck.
