Synaps Loans announced that it has created and tested a working blockchain solution for servicing syndicated loans. Synaps is a joint venture between Ipreo, a fintech and analytics provider, and Symbiont, which provides distributed ledger technology for...
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?
WalletHub: Americans Not So Savings Savvy
A study by an online credit score provider warns that Americans are forgetting the lessons of the Great Recession, and piling on record amounts of debt. WalletHub on Wednesday released an index of financial literacy that ranked Louisiana as having the worst levels of...
Trump’s Data Privacy Repeal & Credit Unions: Part 1
Experts weigh in on the House of Representatives and Senate votes to repeal the regulation preventing internet service providers from selling customers’ web browsing and app usage data without consent. President Trump indicated his intention to sign the bill,...
Credit Card Program Keeps Assets in the CU Family
Shifting consumer attitudes, compressed margins, new competitors and everchanging technology provide impetus for credit unions to drive their assets. Such as with TMG Financial Services’ innovative credit card portfolio investment opportunity. Des Moines,...
New Jersey, Massachusetts Mourn the Loss of 2 CU Leaders
The New Jersey Credit Union League said Glenn South, president/CEO of the $99.3 million County Educators Federal Credit Union passed away Thursday while waiting for a liver and kidney transplant at the NYU Langone Medical Center in New York City. He was 58. The $583...
CU Compliance Rules Need Clarification
The U.S. Government Accountability Office (GAO) released a report this week showing that, for the most part, privately insured credit unions are doing an excellent job keeping up with regulations. But, according to the GAO report, there appears to be some confusion...