LSCU issued an action alert this week to prompt Florida Credit Unions to take a stance to earn additional business. Outlined in the letter were the reasons CUs should be allowed to handle Interest on Lawyer Trust Accounts (IOTA). If the Florida Bar...
In a decision announced this week, the Financial Accounting Standard Board (FASB) will give credit unions an additional year to comply with still-to-be-announced rules on reporting loan and other credit losses. According to Steve Burkholder’s report...
LEVERAGE and Linqto, a Silicon Valley technology company that specializes in apps for the financial services industry, are partnering to pilot the LEVERAGE App Store. The app store is powered by Linqto’s Otter platform. It allows participating...
INFLUENCE Magazine, run by Peter Schorsch of SaintPetersBlog.com and Extensive Enterprises Media, released its first Golden Rotunda Awards. The awards recognize the best in Florida’s lobbying corp. Capital City Consultants, the firm the League began...
An Alabama House committee approved a payday lending bill that offers reforms. This new bill that was approved, still SB 91, has been significantly amended and watered down from its original version. The League has supported SB 91 – see...
Low-income credit unions seeking support to grow, train staff, and improve security should consider applying for Community Development Revolving Loan Fund assistance grants from the NCUA, which will offer $2 million in grant opportunities. NCUA’s...
For the first time in nine years, there are fewer properties in foreclosure than before the housing crisis. The number of foreclosed properties fell by 24,000 in March. The total number of properties in foreclosure is now at 631,000; the lowest...
While you’re signing up by April 29 to catch early bird pricing for Southeast Credit Union Convention & Expo, be sure to also register for two Director’s Institute Sessions being offered. The first, Understanding Regulations (V416M), will...
When the Federal Reserve board meets this week, a wobbly economy will be heavy on their minds. After raising rates for the first time in a decade in December, the board is looking to possibly raise rates again in June. However, the economy has not...
Visa is looking at how chip cards are impacting fraud. CU Today is reporting that Visa found a dip of more than 18 percent on fraudulent transactions. What Visa is also finding is that mag strip devices are seeing more fraud activity since chip...