BROOKLYN, N.Y.––Running through Oct. 1, Polish & Slavic FCU is choosing the name of a member at random every day and awarding them a prize as part of a promotion to mark several recent milestones.
Fresh Today
WASHINGTON—The CFPB has published the 19th edition of its supervisory activities, reflecting activities conducted between December 2018 and March 2019. The data provide insights into auto loan origination, credit card account management, debt collection, furnishing, and mortgage origination.
WASHINGTON—An update on how the Financial Crimes Enforcement Network (FinCEN) is enforcing the Bank Secrecy Act (BSA) has been provided by its deputy director, Jamal El-Hindi.
HUNTSVILLE, Ala.–Small businesses in the South Huntsville area of this city are being offered the opportunity to improve their storefronts through a new grant program offered by a credit union.
PLANO, Texas—AffirmXCU, a CUSO jointly owned by Credit Union Resources, Inc., has acquired ComplySight, a provider of a compliance application that provides what the company said is user-friendly visibility, tracking, measuring, and reporting features.
SAN FRANCISCO—Wells Fargo & Co. has announced plans to pilot an internal settlement service using a homegrown cryptocurrency backed by fiat money, starting with the U.S. dollar.
FRANKFURT, Germany—Deutsche Bank has joined a blockchain network of more than 300 banks led by JP Morgan. Deutsche Bank is now the latest member of the blockchain-based Interbank Information Network (IIN), Yahoo finance reported. Separately, U.S. regulators are probing potential money laundering issues at Deutsche Bank.
DETROIT–A number of credit unions nationally have stepped up efforts to help striking workers at General Motors. In all, some 49,000 GM workers remain on strike as negotiations continue between the company and the United Auto Workers.
ARLINGTON, Va.—August's 7.1% increase in new-home sales are pointing to a resilience in the market. In particular, lower mortgage rates have supported sales, and NAFCU's Curt Long said higher inventory will "sop up some of the supply shortages in the existing market."
WASHINGTON—A number of phone service providers and the Federal Communications Commission (FCC) are acknowledging potential issues with call blocking errors as a result of a new caller identification framework – known as SHAKEN/STIR.