WASHINGTON—The Federal Reserve has launched its FedNow service provider showcase, a tool that it says highlights how firms can help financial institutions implement real-time payments using FedNow.
Fresh Today
FIFE LAKE, Mich.–Forest Area FCU has selected theAI-powered credit decision platform from Scienaptic AI, saying the solution will provide it with faster credit decisioning.
ENGLEWOOD, Colo.—The U.S. Payments Forum announced its 2022 Steering Committee and officers.
WASHINGTON—The operators of an alleged credit card interest rate reduction scam will be permanently banned from the debt relief industry as part of court orders resolving charges by the Federal Trade Commission and the Florida Office of the Attorney General, the FTC announced.
WASHINGTON—The Federal Housing Finance Agency (FHFA) has published a final rule to amend the Enterprise Regulatory Capital Framework (ERCF).
WASHINGTON–The Expanding Financial Access for Underserved Communities Act (H.R. 7003) has been introduced by House Financial Services Committee Chair Rep. Maxine Waters (D-CA).
ARLINGTON, Va.—Total consumer credit rose 1.9% at a seasonally adjusted annualized rate in January, and is up 6.2% compared to a year ago. Credit union share of the market declined slightly over the last year.
WASHINGTON—President Joe Biden has signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should jump in and create its own digital currency and to further examine the risks and benefits of cryptocurrencies.
AUBURN HILLS, Mich. – Genisys Credit Union has renewed its partnership with Co-op Solutions and also added access to Zelle and Co-op Insights Center.
WASHINGTON – The Merchants Payments Coalition is again calling on Congress to “investigate” what it is calling Visa and Mastercard’s “anticompetitive dominance” over the U.S. credit and debit card markets.