New Compliance Burden Could Spread East 01/31/2023 09:28 pm ARLINGTON, Va.—A new overdraft rule in California could bring more compliance burden to credit unions in this state, and may also mark the beginning of a greater focus on overall fee revenue at financial institutions, NAFCU is suggesting.
IMF’s Newest Forecast Sees Slowing Economy, But Likelihood Global Recession Will be Avoided 01/31/2023 07:40 pm WASHINGTON — The International Monetary Fund is now saying that while it expects the global economy to slow this year as central banks continue to raise interest rates to tame inflation, it also suggested that output would be more resilient than previously anticipated and that a global recession would probably be avoided.
‘Historic Funding’ for Puerto Rican Cooperatives Announced by Inclusiv 01/31/2023 07:44 pm NEW YORK–Inclusiv has announced what it is calling “historic funding” for Puerto Rican cooperativas that is designed to strengthen their “recovery and resiliency initiatives.”
In $40-Million Deal, L&N FCU Obtains Naming Rights to School’s Football Stadium 01/31/2023 07:39 pm LOUISVILLE, Ky.–In a $40-Million-plus deal, L&N Federal Credit Union has purchased naming rights to the University of Louisville’s Cardinal Stadium.
Another Report Reveals Signs of Slowing Used Car Market 01/31/2023 07:40 pm ATLANTA–Another national report is reinforcing other reporting done by CUToday.info showing the used car market is hitting the brakes pretty hard.
Two People Banned From Credit Unions; One Spent Two Years on the Run 01/31/2023 07:40 pm ALEXANDRIA, Va.– Two people have been issued prohibition notices by NCUA, permanently banning them from participating in the affairs of any federally insured depository institution.
Dollar Associates Helps Yolo FCU Expand FOM 01/31/2023 09:04 pm WOODLAND, Calif.–Yolo Federal Credit Union has expanded its field of membership to El Dorado, Placer, Sacramento, and Yolo counties in California.
Italy Intro's Crypto Tax 01/31/2023 09:04 pm ROME, Italy—The Italian Parliament has introduced a 26% capital tax on crypto-asset trading as a part of its budget law for 2023.
Center Parc Hosts Habitat Conference 01/31/2023 08:31 pm SAVANNAH, Ga.–Center Parc Credit Union hosted the inaugural Habitat for Humanity Forever Family Conference at its Flagship Branch at Berwick Market here.
Four More CUs Announce Bonus Dividends, Loan Interest Rebates; Total in CUToday.info Tracker Tops $209 Million 02/01/2023 07:19 pm ROCHESTER, N.Y.—Four more credit unions have announced bonus dividends, loan interest rebates and more, representing more than $34.8 million in total returned to members.
