The Federal Reserve is expected to raise short-term interest rates sometime in the near future, but the big question is when. The Fed is scheduled to meet this week, announce its decision tomorrow, and will meet twice more before the end of 2016...
This week’s InfoSight newsletter alerts credit unions to changes in Same Day ACH payments. On Sept. 23, 2016, Same Day ACH, an amendment to the NACHA Operating Rules, will become effective, allowing ACH users to send same-day ACH credit payments...
The National Credit Union Foundation (the Foundation) is currently seeking nominations for three board seats. Volunteers may generally serve up to three terms of the duration of the term of office for the seat they are selected, as long as they are...
During a public briefing at yesterday’s board meeting, the National Credit Union Administration (NCUA) said the combination of technological innovation, expansion of social media, and growing interconnectivity are causing concern about credit...
In more details on the House Financial Services Committee panel vote approving H.R. 5983 (Financial CHOICE Act of 2016), Jeb Hensarling (R- Texas) celebrated the success of the financial reform bill he first introduced in June. In a letter sent to...
Sen. Richard Shelby, R-AL, chairman of the Senate Banking Committee, decided Monday to hold committee hearings to determine from Wells Fargo how more than 2 million credit card and bank accounts were opened in the names of customers. Since 2011...
Sen. Richard Shelby, R-AL, chairman of the Senate Banking Committee, decided Monday to hold committee hearings to determine from Wells Fargo how more than 2 million credit card and bank accounts were opened in the names of customers. Since 2011...
CUNA’s Board of Directors passed a resolution stating CUNA’s commitment to fight against the baseless lawsuit filed against the NCUA and its member business lending rule by the Independent Community Bankers of America (ICBA). In support of that...
Homebuyers are turning to credit unions for their mortgages, which is providential for the industry. Data from the latest CUNA Mutual Group Credit Union Trends Report revealed that credit union first mortgages grew by 1.3 percent during June. The...
Congratulations to the LSCU winners of the 2016 CUNA awards. These awards are given to credit unions that have exhibited the credit union spirit through internal and external programs. The award categories include the Dora Maxwell Social...