WASHINGTON–The Senate Banking Committee heard testimony around the idea of a central bank digital currency, also known as a “digital dollar,” with one analysis noting the most noteworthy news was no lawmaker explicitly rejected the concept.
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COLUMBUS, Ohio—Corporate One Federal Credit Union said it is distributing a special dividend for all Perpetual Contributed Capital (PCC) owners.
IRVINE, Calif.–Origence has announced a new preferred vehicle refinance broker partner program for credit unions, and is reporting four of the country’s most recognized refinance brokers have signed on.
ALEXANDRIA, Va.–NCUA has rescheduled its open and closed board meetings, both originally set for July 16.
WASHINGTON—NAFCU and several other organizations have sent additional comments to the Uniform Law Commission (ULC) on its updated draft of the proposed Collection and Use of Personally Identifiable Data Act. The comments reiterate a desire the drafting committee include an exemption for Gramm-Leach-Bliley Act (GLBA)-covered financial institutions.
WASHINGTON—While credit unions agree with the spirit of several recent proposals to create accounts for unbanked Americans, CUNA told Congress it believes those consumers would be best served by leveraging the system already in place rather than taking steps such as making postal banking available.
ST. PETERSBURG, Fla. — PSCU is reporting it has completed the acquisition of the Primax business from T.K. Keith Company, Inc. Terms of the transaction were not disclosed.
LONDON—A massive distributed denial-of-service attack generating 809 million packets per second was recently directed against a large European bank, according to the security firm Akamai.
NEW YORK–One big bank accounts for nearly a quarter of complaints by credit card-holders who say they have been hurt by the coronavirus pandemic and they are being treated unfairly.
NEW YORK—JPMorgan Chase is partnering with Toronto-based Sensibill to provide mobile banking customers with digital receipt management.