BRUSSELS, Belgium—As Europe’s proposed alternative to Visa and Mastercard takes shape, evidence from Russia suggests that an upstart rival can break the U.S. giants’ duopoly, if the government is prepared to put its finger on the scale, according to one new analysis.
WASHINGTON—Ahead of a House Ways and Means subcommittee hearing to examine the 'tax gap,' NAFCU and CUNA joined with several other financial services industry trades to flag their concerns with a possible new tax reporting requirement included under President Joe Biden's budget proposal.
WASHINGTON—The Senate Banking Subcommittee held a hearing this week to examine the digital dollar, focusing on ensuring privacy, security, and countering China’s attempts to become the reserve currency.
CHESTERFIELD, Mo.— The pandemic has affected the sales of F&I products both online and at the dealership, a new study shows.
NEW YORK—Is stolen credit card data losing its luster among thieves?
WASHINGTON–Damon Smith, who previously served as CUNA’s senior director of advocacy and counsel, has been nominated by President Biden to serve as general counsel at the Department of Housing and Urban Development (HUD).
KAHULUI, Hawaii—Maui County Federal Credit Union said it has selected PSCU for its debit processing services.
CINCINNATI—Car lease credit applicants registered a 69.9% approval rate in May, just a brake tap below the 70.7% approval rate in April, Swapalease.com is reporting.
TYSONS, Va.–The PenFed Foundation has announced a new Black Veteran Student Loan Repayment Program, with funding provided by Purefy, a Washington, D.C.-based technology platform.
MIAMI–A new survey of 2,000 global consumers released by Mambu has found both banked and unbanked individuals feel underserved, with 56% of banked customers claiming that there are other services they should be able to access.
