Senate Banking Chairman Mike Crapo (R-Id.) should abandon efforts to address wide marijuana policy questions and instead concentrate on the financial services implications, the American Bankers Association said. “While we appreciate that there is a [...]
NCUA officials are refusing to discuss reports that they are preparing to auction off as many as 3,500 taxi medallions that were used as collateral for loans. Crain’s New York Business, citing anonymous [...]
The four people appointed Thursday to the CFPB’s Task Force on Federal Consumer Protection Law have one thing in common: They don’t like the agency’s work or organization. In announcing the appointment [...]
A national Credit Union Cannabiz Conference, that will exclusively focus on how credit unions can provide banking services for marijuana-related businesses, will be held in Chicago in April, organizers announced Wednesday. “There is tremendous opportunity, [...]
An armed robber walked into the Rockford, Ill.-branch of the $375 million Heritage Credit Union Friday, holding a 39-year-old female employee hostage for six and a half hours when he allegedly sexually assaulted her, [...]
Brookfield, Wis.-based fintech and payment provider Fiserv and Irving, Texas-based ExxonMobil announced that they are launching voice-enabled pay at the pump capabilities using Alexa-enabled vehicles, Echo Auto, and other Alexa-enabled mobility devices later this [...]
Australia’s credit unions, mutual banks and building societies are providing a variety of services to people affected by the country’s brushfires—ranging from delayed loan payments to additional time off for volunteer firefighters. “[...]
There is no calendar for cybercrime. Just one continuous cycle to steal data, identities and funds. A review of 2019 reveals how many incidents affected financial institutions either directly or indirectly. San Diego-based Identity Theft [...]
In September, a North Carolina man walked into a branch of the $40.8 billion State Employees Credit Union, drew two semi-automatic pistols and held the branch manager hostage. But Kevin Francis Lailiberte didn’t [...]
An ex-president/CEO and a former financial services officer were banned from participating in the affairs of any federal insured financial institution, the NCUA said Tuesday. Tobisha Bullock, who worked as president/CEO at the $[...]
While members are set to vote on 12 proposed credit union mergers in January and February, four credit unions announced this month their members have given the green light for their consolidations to finalize in [...]
For the first time, the number of ACH debit transfers has exceeded the number of check payments, according to a new Federal Reserve study. The data, released this month, showed that there were 16.6 [...]
To accommodate its membership, loan and employee growth, the $558 million First Financial Credit Union in Albuquerque, N.M. is building a $15 million, 40,000-square-foot headquarters that will house a full-serve branch and drive [...]
U.S. households’ credit experiences and expectations remained fairly stable in 2019 compared to 2018, but the rejection rate for auto loans nearly doubled from 4.5% in October 2018 to 8.1% in October [...]
The credit union tax exemption is estimated to cost $10.3 billion between 2019 and 2023, the congressional Joint Committee on Taxation said last week in its latest estimate of tax expenditures. Unlike other estimates, [...]
