EL PASO, Texas–El Paso Area Teachers FCU has a new name. The 86-year-old credit unions is now called Raiz Federal Credit Union, with the name pronounced as “rise.”
Fresh Today
IRVINE, Calif.-- Origence, a CU Direct brand, is reporting it delivered a “record amount” in credit union loans through its lending platforms in the second quarter of 2022.
ATHENS, Ga.–Two groups that authored white papers as part of their work at Southeast CUNA Management School have been recognized for their work.
COLUMBIA, S.C.—A bill that seeks to address bad actors in the towing industry and that would affect credit unions as lienholders has been signed into law in South Carolina.
WASHINGTON—Concern is being expressed by one congressman that fintech lenders may be taking advantage of small businesses and the self-employed.
BELLEVUE, Wash.–T-Mobile has agreed to pay $500 million to settle a class action lawsuit related to sensitive customer data breaches as part of a cyberattack.
BASEL, Switzerland—The Bank for International Settlements has published a report it says highlights the benefits of interlinking arrangements and application programming interfaces (APIs) to enhance cross-border payments, while also highlighting the challenges that payment operators are facing.
LUXEMBOURG—A European bank focused on cross-border payments is adopting a major U.S. dollar-pegged stablecoin for payment rails.
NEW YORK—A new analysis of decentralized finance (DeFi) reveals money laundering in the sector has grown by 263% in the first two quarters of 2022.
DALLAS—A Texas company that transferred millions of dollars from the U.S. to Africa has admitted that it failed to adequately guard against money laundering, U.S. Attorney for the Northern District of Texas Chad E. Meacham announced.