Deloitte published in April an interim report on behalf of the Global FinTech Hubs Federation (GFHF) that measures the fintech environment in 44 cities. Three U.S. cities are included in the report, including one new city since the initial report was...
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?
CHOICE Act an Effective First Step Toward Dodd-Frank Repeal: CUNA
The latest version of the Financial CHOICE Act, unveiled by House Financial Services Chairman Jeb Hensarling (R-Texas) this week would provide credit unions with much-needed regulatory relief, Ryan Donovan, CUNA’s chief advocacy officer said Friday. And while...
PSCU Engages Mastercard to Help Fintech Startups
St. Petersburg, Fla. based PSCU, which calls itself the nation’s leading credit union service organization announced a partnership with Mastercard Start Path Global, a program supporting later-stage fintech startups. Fintech companies are businesses that...
NCUA Conserves Georgia Credit Union
The NCUA placed the $23.1 million Community United Federal Credit Union into conservatorship Thursday and installed experienced management to correct the operational weaknesses that is affecting the Waycross, Ga.-based cooperative’s safety and soundness. While...
CO-OP Announces $26.1 Million Patronage
CO-OP Financial Services is doling out a $26.1 million patronage for fiscal year 2016, bringing the Rancho Cucamonga, California-based CUSO’s lifetime payouts to $393.7 million since becoming a cooperative in 1996. “This latest year’s healthy...
Major Shift Possible in Financial Rule-Making
Major rules proposed by financial regulators, such as the NCUA, would have to be approved by Congress before they could take effect, according to a draft of the Financial Services Chairman’s Financial CHOICE Act released Wednesday. The draft, totaling almost 600...