ALEXANDRIA, Va. – A man in Leesburg, Va. has been arrested on charges of fraudulently obtaining more than $2.5 million in loans through the Paycheck Protection Program (PPP), and then spending the fraudulently obtained money on luxury items.
Fresh Today
BROOKFIELD, Wis.–Fiserv announced it is “making it easy” for its financial institution clients to answer the industry-wide call to facilitate financial inclusion by offering Bank On-certified accounts.
WASHINGTON—The Treasury and State Departments have issued a report analyzing efforts to prevent human trafficking and highlighting the role that banks and other financial institutions play in these efforts.
NEW YORK—U.S.-based customers can now use American Express virtual cards as a payment option with Coupa’s business-to-business payments solution, Coupa Pay.
HASTINGS, Mich.—The $2.2-billion Lake Trust Credit Union announced it intends to purchase the Hastings, Mich., branch of Mercantile Bank of Michigan. The bank said it is shedding the branch in response to the shift by consumers to increasingly use electronic banking.
ALEXANDRIA, Va. – The National Credit Union Administration board will hold an open and closed meeting later this week on Oct. 28, while also announcing a change in the dates of its December meeting.
WYANDOTTE, Mich.–A Michigan credit union’s good intentions of offering local voters a free ride via Lyft to their polling place on election day has been put on hold by a federal appeals court.
ARLINGTON, Va.—Existing-home sales rose 9.4% in September to a seasonally-adjusted rate of 6.54 million units, the highest level since May 2006.
BROOKFIELD, Wis.–Fiserv has released its new 2020 Fraud and Security Survey, which among other findings found 79% of consumers say cybersecurity is equally or more concerning that it was for them a year ago.
SAN DIEGO–The San Diego County Credit Union Holiday Bowl will not be played at the end of this college football season as a result of the coronavirus pandemic.