LONDON—The U.K.’s financial regulator has urged the country’s so called “challenger banks” and fintechs to improve their anti-money laundering (AML) and fraud controls after highlighting multiple shortcomings.
Fresh Today
WASHINGTON–NCUA’s director of its Office of Examination and Insurance shared with Congress how the agency is using and plans to use artificial intelligence, while also again calling for NCUA to be given third-party vendor oversight authority.
WASHINGTON—Ahead of a hearing at which an NCUA executive again called for Congress to provide the agency with third party oversight authority, NAFCU reiterated its opposition to NCUA being given such expanded authority.
WASHINGTON—A group of Senators, led by Jeff Merkley (D-OR) and Jacky Rosen (D-NV) have joined together in a letter to congressional leaders calling for the inclusion of the Secure and Fair Enforcement (SAFE) Banking Act in the America COMPETES Act of 2022.
CHICAGO–Despite rising interest rates and the increased prices of goods and services, consumers remain well positioned from a consumer credit perspective, according to TransUnion’s (NYSE: TRU) newly released Q1 2022 Quarterly Credit Industry Insights Report (CIIR).
KEY WEST, Fla.–NCUA Board Member Rodney Hood told credit union CFOs gathered here the industry has emerged from the pandemic in strong shape, but there are “warning signs” he wants everyone to heed.
OSHKOSH, Wis. – Verve, a Credit Union, said it has partnered with a number of local police departments to form the “Fraud Squad.”
ST. LOUIS–College students have highly optimistic—and in some cases “delusional” views--of just how much money they will be making after they graduate, according to a new survey and analysis.
RAPID CITY, S.D.–Two South Dakota credit union leaders have been inducted into the Dakota Credit Union Association Hall of Fame.