MARLBOROUGH, Mass.–The Cooperative Credit Union Association, the Association of Vermont Credit Unions and the Credit Union League of Connecticut said they are partnering on a new, robust rewards program called CU Offers.
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SYDNEY, Australia—The Australian Transaction Reports and Analysis Centre (AUSTRAC) has recommended lenders restrict the use of cash to repay loans and also limit the use of offsets and redraws as part of a money laundering risk mitigation strategy.
HAMPSHIRE, U.K.– Smart POS terminals in service globally in which analytics and loyalty can be integrated directly to the terminal will increase from 13.7 million in 2021 to 35 million units in 2026, according to a new forecast.
OVERLAND PARK, Kan.– Rochdale, formerly known as Rochdale Paragon, has rolled out its new Operational Risk Management (ORM) module, which it said is the newest feature of its risk-management platform, apogee iQ.
TYSONS, Va.—The PenFed Foundation has announced Next Global Security Inc. as the winner of the PenFed Foundation Ignition Challenge presented by MidCountry Bank.
WASHINGTON–The Independent Community Bankers of America (ICBA) is calling for an “exit fee” to be paid any time a credit union buys a bank, saying it would offset the lost tax revenue.
TROY, Mich.–Retail banks are finding what J.D. Power is describing as the “ultimate formula for customer engagement” in a service few customers ask for, but from which many could benefit: financial advice.
WASHINGTON–The Federal Housing Finance Agency (FHFA) has sent a letter to the Federal Home Loan Banks cautioning that some of the alternatives being proposed for the soon-to-expire LIBOR may pose safety, soundness and reputational risks.
WASHINGTON–Minutes released from the Federal Open Market Committee (FOMC) meeting in mid-June show increasing concern among some officials that the Fed may be forced to hike rates or pare back bond purchases sooner than they had projected.
NEW YORK—U.S. credit card companies continue to ramp up and roll out new offers as they seek to grab market share amidst the economic rebound.