Sep 27, 2019 | Banks & Credit Unions, News
← Previous Article The National Credit Union Administration (NCUA) recently issued a new rule that provides credit unions more options to offer small-dollar loans to members.Currently, credit unions are able to offer small-dollar loans under the payday...
Aug 15, 2019 | Banks & Credit Unions, Litigation, News
← Previous Article Next Article → Capital One has become just the latest major financial services company to have been hacked. U.S. prosecutors are now accusing the alleged hacker of not only stealing the personal information of more than 100 million...
Aug 7, 2019 | Banks & Credit Unions, News
← Previous Article Next Article → Last week, we told readers that Federal Reserve (Fed) Chairman Jerome Powell was “seriously considering” a real-time payments system. A week later, the Fed officially announced that it would begin developing a...
Aug 2, 2019 | Banks & Credit Unions, Federal Regulation, News
← Previous Article Next Article → In a letter to Congress, Federal Reserve Chairman Jerome Powell indicated that the U.S. Federal Reserve (Fed) was “seriously considering” a real-time payments system, and that the Fed was uniquely structured to oversee the...
Jul 24, 2019 | Banks & Credit Unions, Congressional Legislation, Federal Regulation, News
← Previous Article Next Article → The U.S. Senate Banking Committee led by Chairman Mike Crapo (R-ID) and Ranking Member Sherrod Brown (D-OH) held an unprecedented hearing on cannabis banking on July 23. The Senators focused their remarks on the Secure and...
Jul 8, 2019 | Banks & Credit Unions, FinTech, News
← Previous Article Next Article → Over the last two years, banks have increased their lending to nondepository financial institutions, many of which are fintech firms, by 23 percent, according to data compiled by FedFis. In comparison, commercial and credit...
