MEXICO CITY, Mexico—In the first half of the year, Mexicans living abroad sent remittances for amounts greater than the country’s oil sales and foreign direct investment, the Bank of Mexico reported.
Fresh Today
WASHINGTON–A bank trade association said that with the number of credit union purchases of banks passing 100, it is “renewing” its call for “policymakers to examine the loophole contributing to these tax-subsidized acquisitions.”
ARLINGTON, Va.–NAFCU has named eight winners in its 2021 Annual Awards Competition, which it said seeks to honor member credit unions and credit union professionals and volunteers for excellence and achievement in the industry.
WASHINGTON–The Treasury Secretary and the heads of federal agencies overseeing financial markets have signed a joint letter in response to concerns raised that nonfinancial corporations are not, in most cases, being offered alternatives to the soon-to-be-defunct LIBOR reference rate.
ALEXANDRIA, Va.–NCUA has announced federally insured, low-income credit unions seeking a Community Development Financial Institution (CDFI) certification can apply for the agency’s streamlined qualification process between Sept. 12 and Oct. 15.
MADISON, Wis.—CUES has released its 2022 Learning & Events Calendar and other tools it said industry professionals can now use as they plan for next year.
TUCSON, Ariz. — Vantage West Credit Union said it plans to use a $1.8 million grant it won from the Community Development Financial Institutions (CDFI) Fund to support community credit needs amid the COVID-19 pandemic.
NEW YORK—Venmo Credit Card users can now automatically purchase cryptocurrency using cash back earned from card purchases.
NEW YORK—The credit card details of approximately million people has been released by hackers as a promotional stunt for a new criminal marketplace.
MINNEAPOLIS—U.S. Bank has entered into an agreement to acquire Bento Technologies, known as Bento for Business, a fintech company based in Chicago and San Francisco that provides payment and expense management services to small and mid-size businesses.