JEFFERSON CITY, Mo. — Two Republican-backed bills advancing in the Missouri legislature would sharply restrict immigrants’ ability to send money abroad by requiring financial institutions to verify the sender’s immigration status before processing any international electronic transfer, the Missouri Independent reported.
WASHINGTON—Mortgage applications increased 2.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Feb. 13.
SEATTLE — The $1-billion Seattle Credit Union announced that President and CEO Richard Romero will retire effective March 31, with Chief Financial Officer Michael Cruz stepping in as interim CEO while the board conducts a national search for a permanent successor.
LAWRENCEVILLE, Ga.—Used vehicle values increased in January, Black Book reported.
NEW YORK — Buy now, pay later is no longer just a holiday-season convenience or a tool for big-ticket splurges — it is increasingly becoming part of everyday budgeting behavior, according to new PYMNTS research.
TAMPA--While consumer sentiment continued to erode in January, actual consumer spending remained resilient, reported Velera, citing its February edition of the Velera Payments Index.
WASHINGTON--Comments are due to the NCUA March 30 on proposals included in the fourth round of the agency’s Deregulatory Project, America’s Credit Unions reminded, noting comments can also be sent to the trade group in the weeks before the deadline to help inform the organization’s comments based on feedback from member credit unions.
NEW YORK — Citi is warning that a single quantum-enabled cyberattack disrupting one of the five largest U.S. banks’ access to the Federal Reserve’s payment system could put as much as $3.3 trillion of U.S. economic output at risk, underscoring what the bank describes as one of the most severe emerging threats facing the financial system.
NEW YORK —Federal Reserve Governor Michael Barr said Tuesday that artificial intelligence could reshape the labor market and broader economy in ways that present both major opportunities and significant risks, warning that financial institutions should prepare for disruptions ranging from shifting workforce needs to new pressures on inflation and interest rates.
GRETNA, La. — A Gretna credit union employee has been arrested after authorities allege she stole $187,000 from a vault at her workplace before fleeing the state, according to reporting by NOLA.com.
