LONDON—Removing your wallet or phone to pay for things just too much work for you? Good news. Consumers may be able to skip that step entirely, thanks to a new implantable payment chip.
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MOSCOW— Russian and Chinese entities that provide alternatives to Visa and Mastercard payment networks may be reaping significant benefits from sanctions the West imposed in response to Russia’s invasion of Ukraine, according to one new analysis.
PARIS—While countries around the world have made “huge progress” in tackling money laundering, there remains considerable work to be done, according to the Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog that has published a report on the state of effectiveness of and compliance with the FATF anti-money laundering standards.
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.
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.