WASHINGTON—The latest Federal Reserve's Beige Book reflects a continued increase in economic activity in all districts. However, the pace of the growth is still characterized as slight to modest.
Fresh Today
WASHINGTON–Democrats in Congress have introduced legislation that would make it illegal for banks and other financial firms to discriminate against customers because of race, religion, sexual orientation and other characteristics. The legislation is part of an effort meant to close a loophole in the Civil Rights Act that had been highlighted in June 2020 report by the New York Times.
WASHINGTON — While discussion continues in Washington around a new relief/stimulus package, a big question remains around why one of the big pots of money the Federal Reserve has already made available has largely gone untouched.
NEW YORK–A new study of financial crime compliance costs found spending by American and Canadian financial institutions is up significantly in 2020, driven in part by the coronavirus pandemic.
NEW YORK–PayPal is launching its own cryptocurrency service, allowing people to buy, hold and sell digital currency on its site and applications.
LISBON, Portugal – European and American officials announced the arrest of 20 people in multiple countries for allegedly belonging to an international ring that has laundered millions of euros stolen by cybercriminals through malware.
WASHINGTON—The Consumer Financial Protection Bureau has filed a proposed stipulated final judgment and order to settle its lawsuit against Encore Capital Group, Inc., and its subsidiaries, Midland Funding, LLC; Midland Credit Management, Inc., and Asset Acceptance Capital Corp.
BROOKFIELD, Wis.–One credit union is among the Fiserv clients that have been recognized with 2020 IDC FinTech Rankings Real Results Awards for the standard-setting execution of strategic initiatives.
TROY, Mich.–A small Alabama Credit Union has announced plans to merge into a larger CU.
LEXINGTON, Ky.–The University of Kentucky Federal Credit Union (UKFCU) is rolling out a new #TakeCare campaign it said it hopes will inspire members of the community to share positivity and participate in acts of kindness.