NCUA wants to expand Payday Lending Alternatives for credit unions, consumers

Federal credit union members could have more options for short-term, small-dollar borrowing under a rule proposed today by the National Credit Union Administration Board. The proposed rule would create one new product in addition to the current payday loan alternative that has been available to federally chartered credit unions since 2010. The Board also is […]

FFIEC issues new customer due diligence and beneficial ownership examination procedures

The Federal Financial Institutions Examination Council (FFIEC) today issued new examination procedures on the final rule, “Customer Due Diligence Requirements for Financial Institutions,” issued by the Financial Crimes Enforcement Network (FinCEN) on May 11, 2016. These examination procedures apply to banks, savings and loan associations, savings associations, credit unions, and branches, agencies, and representative offices […]

CUNA response to National Taxpayer’s Union letter on tax status

The National Taxpayers Union is urging the Senate Finance Committee to evaluate the tax-exempt status for large credit unions. Credit Union National Association followed up with this letter to clarify several falsehoods in their correspondence, specifically about credit unions mission and the statutory rationale for the credit union tax status. CUNA President/CEO Jim Nussle makes […]

Corporate One Top 8 Finalist in the 2018 PYMNTS.com Alexa Voice Challenge

Corporate One needs your vote! Corporate One has made it to the top eight as a finalist in the 2018 PYMNTS.com Alexa Voice Challenge. This is a contest to develop  new solutions to answer the question “Which payments and commerce opportunities will one’s own voice unlock for people, brands and the businesses that serve them?” […]