DETROIT–Ally Financial is exiting the credit card business and instead will focus on point-of-sale lending, especially at medical offices.
Fresh Today
SAN JOSE, Calif.—PayPal is launching Xoom, an international digital money transfer service, in the United Kingdom and 31 markets spanning Europe.
LONDON—Banks and financial institutions around the world are being targeted by a new email phishing campaign that uses an unusual technique as part of its attacks.
PARADISE ISLAND, Bahamas–More than 2,000 people representing credit unions from more than 60 countries around the world helped the World Council of Credit Unions kick off its World Credit Union Conference here.
PARADISE ISLAND, Bahamas–The Global Women’s Leadership Network (GWLN) marked its 10th anniversary here by also announcing it had not only surpassed a milestone, it received a surprise donation of $500,000.
PARADISE ISLAND, Bahamas—Elenora Zgonjanin Petrovic recalls being the first woman CEO of a financial institution in Macedonia and the first person to run a credit union—starting the CU movement in her country from “zero.”
WASHINGTON–Real gross domestic product (GDP) increased at an annual rate of 2.1% during the second quarter, according to data released by the Department of Commerce’s Bureau of Economic Analysis (BEA).
WASHINGTON—The likelihood of another federal government shutdown with which credit unions might have to again deal with was reduced last week when the House passed the two-year, $1.37-trillion budget deal that also would suspend the debt ceiling to July 2021.
MADISON, Wis.–The 2019 theme for International Credit Union Week has been announced: “Local Service. Global Reach.”
WASHINGTON—CUNA has filed a comment letter in support of NCUA’s proposed rule on public unit and nonmember shares (referred to as nonmember deposits).