The Voice: Industry News - August 28, 2018

August 27, 2018

Credit Unions Send NCUA Back to the Drawing Board on PAL Proposal 

NCUA sought comment on the proposal, and 46 comment letters were published, discussing interest rates, fees, window terms, and maximum offering amounts. 

Source: Credit Union Journal 

Small Businesses May Want to Pursue Loans Soon – Before Fed Boosts Interest Rates 

The nation’s central bank raised interest rates twice in 2018. As rates rise, the costs of small business loans, credit cards, and adjustable rate mortgages usually move in tandem with those actions. 

Source: Black Enterprise 

Blockchain SME Finance Firm Debitum Preps for Launch 

The company, set to launch its solution in less than two weeks, aims to allow investors from across the globe to invest in short-term small business loans using cryptocurrency. 


The Brief: Top 7 Stories on Impact Investing 

Impact voices share on financial innovation, economic inclusion, and minority-owned business. 

Source: Impact Alpha 

American Century Investments Research Shows The Appeal Of “Impact Investing” Growing, With Millennials Taking The Lead 

This research shows that interest in impact investing continues to grow across all age groups, especially the next generation of investors. 

Source: PR Newswire 

Chairman’s Corner: $736 Million Distribution Came Through Prudent, Bipartisan Efforts 

A decade of saving the credit union system from collapse and restoring its strength and stability ends with a $736 million distribution for credit unions to invest in their members and communities. 

Source: National Credit Union Administration 

Minority Small Businesses Expanding Nationally 

The minority trend, particularly among African Americans, is accelerating, according to the Minority 2018 Small Business Trends survey by Guidant Financial. 

Source: Star Tribune

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