MONTEREY, Calif.–The California/Nevada League has now created a working draft of its letter in response to NCUA’s Advanced Notice of Proposed Rulemaking (ANPR) on the corporate stabilization plan, and is now planning to take it aound the state in a series of three meetings for additional input from credit unions. League CEO Bill Cheney called the "ANPR perhaps the most important since I’ve been league president, and maybe the most important of my carreer." The league hopes to have its final draft concluded by the end of March when it will provide its input to NCUA.
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A new study based on a survey of more than 500 advisory practices by The Kitces Report sheds light on how the fastest-growing firms are spending their marketing dollars.
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As Truist Financial implements the strategy of Chief Executive Michael Lyons, the bank is dropping near-prime auto lending, a business that it says doesn't play to its strengths.
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Bill Pulte, FHFA director, has ordered Fannie Mae to update its servicer guide to mirror Freddie Mac policy regarding notifying borrowers about dropping MI.
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A high-yield savings account, incentive marketing and artificial intelligence-powered payroll are new additions to a long-standing strategy to lure clients away from fintechs and banks.
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Seven of eight offices are open; debit cards are capped at $1,000 a day; and the bank's website is down. The bank has given no restoration date.
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The Senate failed to invoke cloture on the crypto market structure bill, known as the CLARITY Act, by a vote of 49-50. The procedural vote would have opened floor time for debate on the legislation, and its failure to pass likely means the bill will not be reconsidered until next Congress.
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