Skeptics who saw the seeds of an eventual bank charter in the advent of American Express and Walmart had a change of heart and last week and announced that the jointly sponsored Bluebird prepaid card will carry FDIC deposit.
CUNA, ABA has no comment so far, NAFCU approves of prepaid cards having FDIC, ICBA objects.
NAFCU president responds to NCUA announcement by reiterating agency's need to help credit unions lower expenses.
Commmittee Chair Hensarling reiterates aim to eliminate Fannie Mae, Freddie Mac as government-sponsored enterprises.
Upper chamber gets companion measure to House-passed bill that would eliminate annual privacy notice mailing.
The Federal Housing Finance Agency, the regulator and manager of government-owned Fannie Mae and Freddie Mac, is poised to start to restructure the secondary mortgage market whether credit unions, banks or legislators are ready or not.
While the NCUA’s Office of Minority and Women Inclusion was created to ensure diversity in management, employment and business activities, the two-year old division has much more room to have an impact.
CUNA expands regulatory Advocacy Report distribution while NAFCU reports sharp uptick in compliance help requests.
Every day, six days a week, a credit union closes and never re-opens. That has been going on for many years. More than 3% of credit unions have annually closed for the past decade. By 2025, the United States will have around 4,500 credit unions.
Becker said he's heard reports of interest rate risk being tested under what he called "absurd" scenarios.