WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) recently hit the founder and primary operator of both Helix and Coin Ninja with a $60-million civil money penalty.
Fresh Today
CHICAGO–Americans’ credit card balances have decreased significantly on both a quarterly and annual basis, a “trend that places even more emphasis on this year’s 2020 holiday shopping season,” according to TransUnion.
WASHINGTON–With the pending change in presidential administrations, getting particular interest from credit unions is the question of what might be the future direction of the CFPB.
WASHINGTON — While the final makeup of the next Senate remains in flux until two run-off elections in Georgia are held, strong divisions are already evident over whether there is a need for additional stimulus and relief for Americans and the economy.
NEW YORK–Mortgage analysts are saying Americans should prepare for rates to rise. That’s a big change after month after month in which the words “historic lows” were used to describe the ongoing decline in mortgage rates.
RANCHO CUCAMONGA, Calif.—Despite a resurgence of COVID-19 cases and uncertainty around the arrival of a government stimulus package, credit union member spending remained strong in October, according to CO-OP Financial Services, which is also sharing strategies for keeping CU cards top of wallet as the holidays near.
MADISON, Wis. – CUNA Mutual is acquiring ForeverCar, a Chicago-based start-up that seeks to protect vehicle owners from expensive car repairs with Mechanical Repair Coverage (MRC) policies delivered through online channels. It is the company’s second acquisition in a month aimed at bolstering its digital capabilities, having acquired CuneXus in mid-October.
PASADENA, Calif.–For the third year in a row, Wescom Credit Union will be participating in World Kindness Day by picking up the tab for people at select The Coffee Bean & Tea Leaf locations across Los Angeles, Orange, Ventura, Riverside and San Bernardino counties today.
WASHINGTON—The Federal Reserve has approved the fee schedules for payment services the Federal Reserve Banks provide to depository institutions in 2021.
WASHINGTON—A person who a decade ago sought to rein in the country’s biggest banks will now be playing a role in selecting those who will be supervising them.