ST. PETERSBURG, Fla.–A new report has become the latest to find the COVID-19 pandemic is accelerating demand for faster, and more digital, payments in 2020, with growth surging “exponentially.”
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JACKSONVILLE, Fla.–Jax Federal Credit Union said it has launched a search for a new CEO.
ONTARIO, Calif.–Credit unions in California and Nevada are seeing an “abundance” of loan volume from mortgages and business loans, but like the rest of the country are also seeing even more abundance with deposits, according to new data from the California and Nevada Credit Union Leagues.
PONTIAC, Mich.–The biggest wholesale mortgage originator in the United States has announced plans to merge with a special-purpose acquisition company (SPAC) in a deal that will take it public at a valuation north of $16 billion.
PARIS–A new effort is underway in Europe to challenge the dominance of the biggest players in payments.
ANN ARBOR, Mich.–CU Lunch Local is reminding that even with the COVID-19 pandemic, plans remain in place again this year for CUs to be involved in a national effort aimed at supporting one segment of small businesses during International Credit Union Week.
CHEYENNE, Wyo.– The Wyoming Division of Banking has announced a one-year deal with Chainalysis in a bid to monitor cryptocurrency activity on blockchains.
WASHINGTON—The Office of the Comptroller of the Currency (OCC) said it has reached settlements with three former senior executives of Wells Fargo Bank, N.A., Sioux Falls, South Dakota, for their roles in the bank’s “systemic sales practices misconduct.”
WASHINGTON—U.S. authorities have sanctioned two Russian nationals for allegedly defrauding several cryptocurrency exchanges of a combined $17 million.
WASHINGTON—The Government Accountability Office (GAO) has released a report on the Federal Government’s COVID-19 response, including a review of the Paycheck Protection Program, offering new findings and suggesting “uncertainties” remain for many lenders.