Ray Birch

ALEXANDRIA, Va.—Will NCUA, under a new chairman, continue to press for third-party vendor oversight authority? Will the agency raise the normal operating level of the NCUSIF if that power is not granted?

SAN ANTONIO—With FedNow adoption maturing, the nation is quickly moving towards a ubiquitous real-time payments environment. But in turn, instant payments fraud is also continuing to grow and has become a major concern, one analyst points out.

WASHINGTON—Will Donald Trump’s administration slow down the nation’s drive toward electric vehicles, and will that impact EV resale values—forcing lenders to carefully value EV collateral?

LAKE FOREST, Ill.—Three out of five American households overdraw at least once per year. About seven out of eight households go to McDonald’s each year.

CHICAGO—The Illinois CU League and America’s Credit Unions are jointly working on a supplemental brief for the U.S. District Court here that will hopefully lead to credit unions being included in a preliminary injunction that pauses implementation of the Illinois Interchange Fee Prohibition Act (IFPA).

TUCSON, Ariz.–One credit union that has introduced a unique, adjustable-rate mortgage says to effectively launch the product the credit union had to first deal with the “misconceptions” of the adjustable-rate offer brought on by the last financial crisis.

BALTIMORE—Maryland’s Office of Financial Regulation is one of the first states to use a new solution that monitors cybersecurity threats to regulated institutions. The office’s commissioner believes use of the tool could eventually spread across the country.

LOS ANGELES—The wildfires raging across Los Angeles County, driven by 100-mile-per-hour winds, have one credit union on edge and worried about its staff and members.

WASHINGTON—This year credit unions may find themselves in one of their toughest fights to preserve their tax-exempt status, Washington insiders are saying, adding the “black eyes” CUs have suffered regarding overdraft fees, and even stadium and sports team sponsorships, are contributing to troubles.

LOS ANGELES—The wildfires in Los Angeles County continued to spread Thursday, and damage from the massive wind-driven fames could make this one of the costliest wildfire disasters in U.S. history.