Fresh Today

SCHAUMBURG, Ill.–Twenty-one credit unions have been named by Raddon as winners of its annual Crystal Performance Awards, which it said recognize the top 3% of the best-performing credit unions among the more than 500 with which it works.

ANCHORAGE, Alaska–Credit Union 1 is reporting it will discontinue a pilot program to provide checking and savings accounts to marijuana-related businesses.

NEW YORK – The New York Department of Financial Services is leading a multistate investigation into the payroll advance industry and allegations of unlawful online lending.

WASHINGTON–The use of alternative credit data for underbanked consumers has led to nearly 30% more loans being approved, according to a CFPB program that has been testing digital platforms.

SANTA ANA, Calif.—U.S. prosecutors have indicted the defunct exchange BTC-e and its suspected operator, Alexander Vinnik, for civil penalties of more than $100 million.

CAMBRIDGE, Mass.–Nancy Fales has been named interim CEO of MIT FCU here, replacing Brian Ducharme, who has retired after leading the credit union for 18 years.

WESTBROOK, Maine–Sen. Susan Collins (R-ME) attended a briefing on data security at the Maine Credit Union League’s headquarters.
According to the league, the meeting provided Sen. Collins with an overview of the security measures and technology Maine’s credit unions utilize to protect member data and prevent financial fraud.

NEW YORK—A new three-country survey shows the U.S. leads the way in mobile payments but trails in contactless.

SYDNEY, Australia—Australia’s Department of Treasury has published a new set of preliminary guidelines that govern the size of cash-based currency payments. The draft legislation proposes that a “payment limit of $10,000 for payments made or accepted by businesses for goods and services,” Bitcoinist reported.

PHOENIX–In a twist on Take Your Daughters and Sons to Work Day, Desert Financial CU hosted a “Take Your Parent to Work Day” at its headquarters here.