News stories tagged April
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Fed Keeps May Interest-Rate Increase on Table Despite Expected Recession
Officials thought regulators had soothed banking turmoil enough to justify a quarter-point rate increase, meeting minutes show. Courtesy of By Nick Timiraos, Wall Street Journal Stubbornly high inflation and tight...
CFPB Eyes Big Tech’s Payments Efforts and Stablecoin Risks for Review
The words “systemic” and “risk” have been on everyone’s lips in the past few weeks. And for Big Tech, at least, the regulatory gaze will only widen, eyeing the payments ambitions of the biggest platforms, and whether new payment types...
NCUA Opening 2023 CDRLF Grant Round May 1
$3.5 Million Available; Credit Unions Should Review Eligibility Before Applying. Credit unions eligible for Community Development Revolving Loan Fund grants in 2023 can apply between May 1 and June 30,...
Apr. 7: CFPB Updates This Week
The CFPB issued the small business lending rule. To help financial institutions implement and comply with the small business lending rule, the CFPB is launching a dedicated regulatory and technical support program called SBL Help...
Filene Info Session – Housing Insecurity: A Pervasive Problem
Housing was once the most common way most families-built wealth in America, but today, it is a primary driver of financial insecurity for millions of people. The problem of housing...
Crypto: a SWOT Analysis for Credit Unions
Late last month, the Filene Research Institute published a report on “The Path Forward for Crypto: What Credit Unions Need to Know“. Cryptocurrencies offer innovative possibilities but also pose many...
Members Only: NASCUS Posts Summaries on NCUA LTCUs and Risk Alerts
Letter to Credit Unions 22-CU-06: NCUA to Begin Phase 2 of Resuming Onsite Operations April 2022 Based on new guidance from the Centers for Disease Control and Prevention (CDC) and...
OPINION: What if Overdrafts Are Eliminated?
Courtesy of Moebs $ervices, moebs.com The result would be: 678.2 Million debit cards purchases of gas, groceries, dentist, etc., would be declined. 60 Million Americans’ ACH payments returned NSF for...