PARIS—The Financial Industry Regulatory Authority (FINRA) has fined BNP Paribas Securities and BNP Paribas Prime Brokerage for lapses in anti-money laundering (AML) and supervisory systems.
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RIVERWOODS, Ill.—Customers of Discover Bank’s savings and money market accounts can now use the Zelle network for person-to-person money transfers, Discover announced.
SINGAPORE—Digital cross-border payments provider InstaReM announced it is rebranding to become part of Nium, the first global payments platform that allows businesses to send and receive money from around the world.
BEIJING, China—China’s congress has passed a cryptography law it says is designed to promote crypto development and ensure sound cybersecurity, reports indicate. Some analysts have suggested China’s real goal is to be able to track every citizen’s spending more closely.
WASHINGTON—Despite a strike against General Motors that depressed the month's numbers, October's "job report was a solid one which supports last week's Fed decision of a hawkish rate cut," said NAFCU Chief Economist and Vice President of Research Curt Long.
ARLINGTON, Va.–While it has yet to file its official comment letter, NAFCU said it does not support the expansion of a dedicated consumer compliance exam program for large credit unions, as NCUA Board Member Todd Harper has proposed.
CARSON CITY, Nevada–The Nevada Credit Union League has joined with the Nevada Bankers Association and the American Financial Services Association in filing a lawsuit that challenges a new Nevada law aimed at allowing credit applicants with no credit history to use the credit history of their spouses.
WASHINGTON–The House is adjourned this week but the Senate is in session.
MONTREAL, Canada–The massive 2018 data breach last year at Desjardins credit unions has turned out to be bigger than originally thought, affecting all 4.2 million of its members, according to the organization.
WASHINGTON–In what had been a relatively quiet year for bank failures, a rash of bank closures were announced recently.