SECU, SECU Foundation Combine to Make $5 Million Contribution to Support Urban Park 01/29/2023 12:35 pm RALEIGH, N.C. – In what it said is the largest joint giving to one entity from State Employees’ Credit Union (SECU) and the SECU Foundation, the organizations have made a $5 million contribution to the Dix Park Conservancy to support the development of a historic 308-acre public site into an urban park in Raleigh, the Dorothea Dix Park.
New Home Sales Rise in December, But Still Significantly Below One Year Earlier 01/29/2023 12:35 pm ARLINGTON, Va.—While new home sales rose 2.3% in December to 616,000 annualized units, sales were 26.6% lower than a year ago. In addition, November’s new home sales have been revised down 38,000 units.
NACUSO Files Comment Letter With NCUA on Several Proposals 01/29/2023 12:38 pm GRAND RAPIDS, Mich.–In response to a proposal by the NCUA board during its December meeting to modernize regulations covering loan participations, eligible obligations and notes of liquidating credit unions, NACUSO has filed a comment letter saying the proposals will allow credit unions to remain innovative and to change lending markets.
NY Regulator Releases Consumer Protection Guidance in Event of Virtual Currency Insolvency 01/29/2023 12:35 pm ALBANY, N.Y.—The New York Department of Financial Services has released consumer protection guidance in the event of virtual currency insolvency.
Fed Issues Statement Saying All Banks Are On Level Playing Field, Regardless of Deposit Insurance Status 01/29/2023 12:38 pm WASHINGTON–The Federal Reserve has issued a policy statement it said is designed to promote a level playing field for all banks with a federal supervisor, regardless of deposit insurance status.
Failure of Several Crypto Platforms Has Bank of International Settlements Exploring De-Risking Options 01/29/2023 12:35 pm BASEL, Switzerland—Following the failure of several crypto platforms, the Bank of International Settlements (BIS) is exploring de-risking policies for central banks, with a ban on crypto activity one potential option.
FCC to Offer Series of Free Events During ID Theft Awareness Week This Week 01/29/2023 12:36 pm WASHINGTON—The Federal Trade Commission is marking its annual Identity Theft Awareness Week with a series of free events this week focused on how identity theft affects people of every community and ways to reduce risk, the agency reported.
Proposal Would Bring More CRA Requirements to CUs in One State 01/30/2023 07:27 pm SPRINGFIELD, Ill.–In a proposal that would also affect the state’s credit unions, the Illinois Department of Financial and Professional Regulation (IDFPR) has issued a notice of proposed rules to implement the newly passed Illinois Community Reinvestment Act (ILCRA).
New Rules from CFPB on Card Late Fees Draw Scrutiny 01/30/2023 07:35 pm ARLINGTON, Va.–NAFCU said it is continuing to monitor this week a much watched-for proposal from the CFPB on credit card late fees.
