DOVER, Del.–CU NextGen, a new CUSO that provides technology and automation solutions, is reporting a successful initial share offering during which it said it raised $9.25 million in capital from 10 different credit unions, exceeding its goal of $7 million.
HONOLULU–Hawaii has just enacted significant legislation to reform the state’s small-dollar loan market and prohibit balloon-payment payday loans.
ST. LOUIS–Together Credit Union has become the first financial institution in the district served by the Federal Home Loan Bank of Des Moines to complete an eNote transaction.
NEW YORK—When mobile wallets debuted years ago, the country looked to Apple Pay as the digital payments method likely to lead the way—and that included hundreds of credit unions, which signed on with the new wallet.
BIRMINGHAM, Ala.—Dollar Associates will host a webinar Today from 2 p.m.-3 p.m. ET to address the deposit influx at credit unions and how daily deposit management is becoming a priority.
WASHINGTON—The Federal Trade Commission and the state of Arkansas have sued the operators of a “blessing loom” investment program, alleging it has operated as an illegal pyramid scheme that bilked tens of millions of dollars from thousands of consumers, especially targeting African Americans and harming people struggling financially during the COVID-19 pandemic.
WASHINGTON—CUNA said young credit union professionals will have the opportunity to learn from its own advocacy experts as well as those from leagues as part of a Young Professional Advocacy Workshop.
PURCHASE, N.Y.—Mastercard is partnering with U.K.-based FinGo, a biometric identity authentication and payments platform, to give the fintech access to the white labelled Mastercard Payment Gateway Services (MPGS).
WASHINGTON—Congresswoman Maxine Waters (D-CA), chairwoman of the House Financial Services Committee, has announced a Digital Assets Working Group of Democratic Members.
AUSTIN, Texas—Several U.S. states, including Texas, Wyoming and Illinois, are actively vying to attract Bitcoin mining businesses.
