A ‘Clever Gambit’: Banks Explore Different Way to Pay FDIC Assessments 05/18/2023 07:43 pm WASHINGTON–The nation’s big banks, facing an assessment from the FDIC to replenish the deposit insurance fund following several bank failures have been testing what one report is calling a “clever gambit”: Paying billions of dollars they collectively owe to replenish the fund by using Treasurys instead of cash.
Keep Playing Field ‘Level’ When it Comes to Stablecoins, NAFCU Tells House 05/18/2023 07:43 pm WASHINGTON—The House is being urged to keep the “playing field level” for credit unions in the event of any legislation on stablecoins in a letter sent by NAFCU to the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion.
USAID Awards $14 Million to WOCCU for Project 05/20/2023 12:04 pm MADISON, Wis.—The United States Agency for International Development (USAID) has extended the flagship project of its Venezuela Regional Response Program through May 2026, awarding $14 million to World Council of Credit Unions (WOCCU) to continue implementation of the Economic Inclusion Project (EIP) in Peru and Ecuador on a much larger scale, according to WOCCU.
CMFG Ventures Makes Investment in DataVisor 05/20/2023 12:04 pm MADISON, Wis.– CMFG Ventures, the venture capital arm of CUNA Mutual Group, said it has made an investment in DataVisor, a provider of online fraud detection and risk management for financial services and ecommerce.
Origence Names 2 Keynote Speakers for Upcoming Lending Tech Live Event 05/21/2023 10:14 am IRVINE, Calif.— Origence, a lending technology solutions provider, has announced the opening and closing keynote speakers for its Lending Tech Live ’23 conference. The technology-focused convention is scheduled from May 30-June 1 in Las Vegas.
Here’s Who Won Summit CU’s Project Teen Money & Why 05/21/2023 10:12 am MADISON, Wis. – Summit Credit Union has named the winner of its Project Teen Money.
NAFCU Meets With Treasury Official to Discuss Fintech, Check Verification & More 05/21/2023 10:13 am WASHINGTON—NAFCU is reporting it recently met with Treasury Deputy Assistant Secretary for Financial Institutions Felton Booker and the agency’s financial institution policy team.
Bellwether Community CU to Offer Members Digital Gift Cards Through New Offering 05/21/2023 10:13 am MANCHESTER, N.H.–Bellwether Community Credit Union said it is partnering with Prizeout, an ad-tech company that “turns financial balances into growth solutions,” to offer their members the ability to use their funds to purchase digital gift cards with additional purchasing power through Prizeout Offers.
NCUA Board OK’s Definition of ‘Member Business Loan’ for Wisconsin’s State Charters 05/21/2023 10:14 am ALEXANDRIA, Va.–The National Credit Union Administration board has unanimously determined, by notation vote, the definition of “member business loan” in Wisconsin.
