News Topic: CUSOs
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Credit unions play catch-up in buy now/pay later
Payveris pitches Zelle alternative to credit unions
CU Realty Services welcomes new CEO as rebrand beckons
Former Partners FCU chief to lead new technology CUSO
NCUA approves extended comment period for CUSO proposal
The 30-day extension comes after the American Bankers Association requested additional time to consider the rule's impact. ]] ... Read full article
Bankers ask NCUA to extend comment period on CUSO proposal
The American Bankers Association has requested more time to respond to a proposal that would expand lending authority for credit union service organizations. ... Read full article
NCUA board splits over changes to controversial capital rule
In a party-line vote, the agency issued a proposal that would redefine a "complex" credit union. ... Read full article
Credit unions could take a hit as pandemic alters college landscape
Lenders are struggling to deploy deposits into interest-earning assets, and changes to post-secondary education may further limit these options. ... Read full article
For a credit union service organization, ‘we’re kind of hippie’
The credit union service organization Member Driven Technologies has a laid-back environment but works hard to translate its internal culture to employees who may be hundreds of miles from headquarters. ... Read full article
Banks push for greater relief on foreign bank regs, living wills
The industry is urging federal regulators to go further in streamlining oversight of foreign banks and resolution-planning requirements. Critics warn that the proposals could weaken post-crisis safeguards. ... Read full article
CU consortium to forgive student loans under CFPB order
Student CU Connect CUSO, which had made high-risk loans to students of the now-bankrupt ITT Technical Institute, agreed to a settlement resulting in an estimated $168 million of loan forgiveness. ... Read full article
Credit union group wins special purpose bank charter in Michigan
Credit Union Trust, a new credit union service organization, has obtained a bank charter that it will use in offering trust and investment-related services. ... Read full article