Credit, debit and prepaid card transactions for six major card networks shot up a combined 13.3% from 2015 to 2016, and purchase volume rose 5.8% to $20.606 trillion, according to new global data from card and payment industry publisher The Nilson Report. Nilson found...
Credit Union Industry News & Updates
The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.
WHAT’S GOING ON AT CREDIT UNIONS?
25 Credit Unions Slapped With Civil Penalties
Twenty-five credit unions consented to $10,365 civil penalties for filing late 2016 fourth quarter Call Reports, the NCUA said Tuesday. In the fourth quarter of 2015, 22 credit unions consented to penalties. The $483 million Qualstar Credit Union in Redmond Wash., got...
Experts React to Trump Budget Cuts of College Loan Aid
President Trump’s proposed budget released Tuesday will reduce the number of youth going to college, and saddle many of those graduating with greater debt, consumer groups said. Trump’s 62-page “America First: A Budget Blueprint to Make America Great...
Paid Family Leave Could Happen Under Trump Budget Proposal
It’s not perfect by any means, but the paid family leave proposal included in the proposed Trump budget would actually take a baby step in the right direction — especially compared with Trump’s original thoughts on maternity leave. The...
Carolinas League CEO John Radebaugh Plans 2018 Retirement
John Radebaugh, the first president/CEO of the Carolinas Credit Union League, plans to retire on July 1, 2018. “It wasn’t just a sudden decision. I’ve always wanted to retire while I’m still young,” Radebaugh told the CU Times...
Trump Budget: CDFI Gone, CU Tax Exempt Status Examined
The Trump Administration’s comprehensive Fiscal 2018 budget, released Tuesday, again proposes eliminating the Community Development Financial Institutions program, and includes as a plan to make the CFPB subject to the annual appropriations process. The budget...