SACRAMENTO, Calif.– The 12th Annual Credit Union SacTown Run raised more than $183,000 for 11 local Children’s Miracle Network Hospitals (CMN) across California and Nevada.
Fresh Today
PHILADELPHIA–New research by The Pew Charitable Trusts has found consumers in four states—Colorado, Hawaii, Ohio, and Virginia— have saved hundreds of millions of dollars in fees while keeping access to credit due to comprehensive reform of payday lending laws in those states.
OXNARD, Calif.–CBC FCU has converted from a community charter to a multiple common bond charter, allowing for the addition of four underserved areas representing four-million people to its field of membership.
BRASILIA, Brazil–Cardholders in one country will want to do all they can to avoid carrying a balance. According to one new report, the average interest rate Brazilian credit card issuers charge on unpaid balances is a shocking 346.3%.
BROOKFIELD, Wis.–Fiserv said it has entered into an agreement with Finicity, a Mastercard company, to advance the future of open finance through secure data sharing.
WASHINGTON–The Federal Deposit Insurance Corporation (FDIC) and the Financial Crimes Enforcement Network (FinCEN) are highlighting three teams of experts in a “Tech Sprint” to help measure the effectiveness of digital identity proofing—the process used to collect, validate, and verify information about a person.
BEIJING—China's top anti-corruption agency has vowed to be vigilant toward virtual currency mining in order to achieve carbon neutrality.
Crypto mining is the process by which new units of digital currency are created and is highly power intensive.
WASHINGTON—It “might be time for regulators and law to have a conversation” to discuss how financial institutions can best provide actionable information to law enforcement while meeting their regulatory obligations, according to one person.
WASHINGTON–The director of the Consumer Financial Protection Bureau told members of the Credit Union Advisory Council and the Community Bank Advisory Council that he wants them focused on one question, while also expressing concerns over consolidation among core processors and what it means to smaller financial institutions.
NEW YORK—New York Attorney General Letitia James is leading a multistate coalition of attorneys general calling on the CEOs of JPMorgan Chase, Bank of America, U.S. Bank, and Wells Fargo to eliminate all overdraft fees on consumer bank accounts.