WASHINGTON--Aligning with February’s Exceptive Order, the Financial Crimes Enforcement Network on Wednesday reissued its frequently asked questions on its Customer Due Diligence requirements, America's Credit Unions noted.
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BOSTON--As Massachusetts considers a special commission to prohibit credit card issuers from collecting interchange fees on the tax/gratuity portion of a transaction in the state, actions are underway to try and stop it.
NEW YORK— Citigroup has launched a new internal platform designed to deploy artificial intelligence agents across its operations, a move aimed at reducing manual work and accelerating decision-making, PYMNTS reported.
NEW YORK—Consumer fintech OnePay has launched a new credit-building product designed to give consumers a simpler entry point into establishing credit, with the company unveiling a Builder Card tied directly to its app and linked to a customer’s Cash account, according to PYMNTS.
MINNEAPOLIS, Minn.—The $4.8-billion Blaze Credit Union here has agreed to acquire the Claremont branch of Luminate Bank in a deal that will expand its footprint in southeast Minnesota and add roughly $25 million in deposits and about 550 customers.
JACKSON, Miss.—NCUA Wednesday placed $162-million Jackson Area FCU here into conservatorship.
COLUMBUS, Ohio—One of the legal architects behind most of the nation’s credit union-bank acquisitions is sharply criticizing the Ohio Bankers League’s attempt to block Interra Credit Union’s proposed purchase of The Hicksville Bank, arguing the opposition is rooted more in politics than law or logic.
FORT WAYNE, Ind.—Summit Choice Credit Union said it has partnered with InvestiFi to allow members to invest directly from their checking accounts through the credit union’s existing digital banking platform, as more credit unions look to keep investment relationships inside their own digital ecosystems instead of losing them to outside fintech platforms.
GREENSBORO, N.C.—Vizo Financial and TCT Risk Solutions announced a strategic partnership aimed at expanding risk management capabilities for credit unions, combining Vizo Financial’s back-office support, consulting and education services with TCT’s suite of risk analytics and advisory tools.
ALEXANDRIA, Va.--NCUA Wednesday announced the eleventh round of proposed regulatory changes associated with the agency's Deregulation Project.