News

Tinker Federal Credit Union's plan to buy Prime Bank is expected to close later this year.

The NCUA chairman writes, "I believe the compliance costs associated with implementing CECL overwhelmingly exceed the benefits."

Enrollments in the P2P platform Zelle increase at "more than double-digit rates above average" since early March.

"Giving priority to smaller loans will ensure that small businesses in our states have a fair shot at receiving PPP funds."

In a letter, Chairman Hood asks credit unions about forbearances and other COVID-19 programs.

CUNA and NAFCU have made the same requests to the CFPB. It's unclear if or when the automated calls could begin.