FinCEN announced the launch of its Global Investigations Division, which will investigate and target terrorist finance and money laundering threats and work more closely with foreign counterparts to coordinate actions against such threats.
The CUNA Board of Directors, led by Brett Martinez, president/CEO of Redwood CU, voted in favor of a resolution to clearly and prominently establish diversity, equity and inclusion as a cooperative principle of America’s credit unions.
CUNA Chief Economist Mike Schenk spoke with Money.com recently about what consumers should know when borrowing against their homes, specifically the ins and outs of a home equity line of credit and what homeowners should research.
The National Youth Saving Challenge, held in conjunction with National Credit Union Youth Week and sponsored by CUNA, encourages youth members to set goals and save money. Young members deposited more than $15 million into their savings accounts during this year’s savings challenge.
Consumers CU hosted a luncheon for Illinois state legislators earlier this month at the credit union’s administrative headquarters in Gurnee, Ill. in which each legislator talked about issues in their districts and topics important to them.
Rachel Pross, Chief Risk Officer at Maps Credit Union, Salem, Ore., will testify on CUNA’s behalf before the Senate Banking Committee Tuesday during a hearing titled “Challenges for Cannabis and Banking: Outside Perspectives.”
FASB has issued a second CECL question-and-answer document about the standard, and staff announced that it is planning a series of training sessions discuss the document to help smaller institutions with CECL implementation.
CUNA released Friday the July 2019 edition of the Economic Update, in which Senior Policy Analyst Samira Salem reports on recent U.S. economic growth developments, most notably a forecasted slowdown in economic growth.
Congress can stop the cannabis banking conundrum now, CUNA President/CEO Jim Nussle and American Bankers Association President/CEO Rob Nichols wrote in Fox Business Thursday in support of the SAFE Banking Act.
Allow legal cannabis-based business access to mainstream financial services is a public safety issue, CUNA President/CEO Jim Nussle told Forbes before CUNA's testimony before the Senate Banking Committee next week.