LONDON—Analysis of global AML penalties between Jan. 1 and Dec. 31 2019 found a total of $8.14 billion in fines were handed down as the result of 58 AML-related breaches.
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WASHINGTON—NAFCU President and CEO Dan Berger has asked CFPB Director and Federal Financial Institutions Examination Council (FFIEC) Chair KathyKraninger to provide interagency guidance related to the Gramm-Leach-Bliley Act (GLBA) to help credit unions and other financial institutions comply with data privacy laws.
MAYNARD, Mass—A prepaid gift card may be a popular holiday present--with more than half of U.S. consumers purchasing one this past season--but that doesn't mean they're used wisely, a new study shows.
LONDON–A number of countries are getting closer to the much-predicted and long-awaited cashless society, according to one new forecast.
RALEIGH, N.C. – Constellation Digital Partners is reporting is has reached a new milestone with its 100thdevelopment partner.
SYDNEY, NSW, Australia–Seriously delinquent auto loan debt (90 days or greater) has increased at a faster pace than any other type of seriously delinquent household debt over the past five years, according to analysis of New York Federal Reserve data by Finder.com.
NEW YORK—Need another reason to issue contactless plastic to members? Citi is now paying its customers to use the tap-and-go cards.
WASHINGTON–The Consumer Financial Protection Bureau has named an additional member who will serve on the Taskforce on Federal Consumer Financial Law.
NEW YORK—Gas stations around the U.S. are rushing to upgrade fuel pumps to accept credit and debit cards with chips after Visa and Mastercard rejected a request to delay a looming deadline to complete the work.
NEW YORK–Citigroup has released the results of its latest report on efforts to shrink the gender pay gap among employees, revealing improvements but still work to do.