MEXICO CITY—Mexicans working abroad sent $4.51 billion home in May, a 31% increase compared to the same month of 2020, central bank data show.
Fresh Today
BASSETERRE, St. Kitts & Nevis–The Eastern Caribbean Central Bank (ECCB) has partnered with several credit unions, banks, and businesses to provide a new payment option for countries in the Eastern Caribbean Currency Union (ECCU).
DUBLIN, Ireland/MIAMI–The number of credit unions—if any--affected by the ransomware attack on companies and organizations that use Kaseya software continues to remain unknown even as up to one-million personal computers reportedly may have been infected.
LANCASTER, Penn.–NCUA has granted a new federal charter to Community First Fund FCU here.
RANCHO CUCAMONGA, Calif. – During Amazon’s annual Prime Day shopping holiday, total sales surpassed $11 billion, an all-time high for the massive e-commerce event, and debit cards were “far and away” the preferred spending tool for CU members, according to transaction data analyzed by CO-OP Financial Services’ SmartGrowth.
MUNICH, Germany—The microchip shortage plaguing so many industries could also disrupt the U.S. and global payments systems, the Smart Payment Association is warning.
WASHINGTON—The new employment numbers released last week, which showed a surge in hiring, are being described as “solid” by one economist.
WASHINGTON—Comments on several proposals of interest to credit unions are due this month.
PROVIDENCE, R.I.–A man who was at the center of a multi-state fraud ring led to losses of more than $1.3-million in total at credit unions, banks, finance companies and auto dealerships has been sentenced to prison.
SAN FRANCISCO—San Francisco’s Board of Supervisors has unanimously approved an ordinance that moves the city closer to creating the first public bank in the U.S.