WASHINGTON—Senate Banking Committee Republicans are preparing to unveil legislation that would raise the dollar thresholds for when financial institutions must report potentially suspicious transactions under the Bank Secrecy Act, POLITICO reported.
Fresh Today
VALDOSTA, Ga.—The $420-million Southeastern Credit Union has named Jennifer Stasio president and CEO, effective Jan. 1, Valdosta Today reported.
MINNEAPOLIS –A new survey from U.S. Bank found that Many Americans are making smart, responsible choices – budgeting, investing, cutting back on spending.
SAN JOSE, Calif.—PayPal is offering U.S. customers 5% cash back on purchases made through its Pay Later program, PYMNTS reported.
WASHINGTON--America’s Credit Unions Tuesday submitted a comment letter to the CFPB as the agency seeks to significantly revise its Personal Financial Data Rights (PFDR) Rule.
DUBUQUE, Iowa-The $3.6-billion Dupaco Credit Union here has signed on with Strum Platform to use the company’s Customer Data Platform (CDP), Strum Platform announced.
APPLE VALLEY, Minn.—The planned merger between $9.5-billion Wings Credit Union here and $10.3-billion Ent Credit Union, based in Colorado Springs, Colo., would deliver a $7-million payout to Wings CEO Frank Weidner, according to details in a ballot sent to members last week, the Minneapolis/St. Paul Business Journal reported.
SEATTLE—A pre-dawn outage at Amazon Web Services on Monday rippled through many credit unions nationwide, knocking out or slowing online banking, mobile apps, call centers, authentication and bill pay at institutions from Navy Federal to community CUs in Iowa, Wyoming, Arizona and California.
WASHINGTON--Congress can take several actions to improve housing affordability, some of which were outlined in a letter from America’s Credit Unions to a Senate Banking subcommittee Monday. The comments were sent for the record of a subcommittee hearing on housing policy scheduled for Tuesday.
WASHINGTON--Small lenders – including credit unions – face a disproportionate burden under the current Home Mortgage Disclosure Act (HMDA) reporting requirements. America’s Credit Unions reached out to CFPB Acting Director Russell Vought with a letter sent Monday, urging meaningful action to change these burdens.