LONDON—U.K. fintech startups have reached a record level of $2.9 billion of funding in the first half of this year across a total of 123 deals.
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SAN FRANCISCO—Ripple, a provider of blockchain for global payments, has entered into a strategic partnership with MoneyGram. MoneyGram is one of the world’s largest money transfer companies.
RIDGECREST, Calif.–After numerous skimmer attacks in this community, Desert Valleys FCU has donated a “BlueSleuth” Bluetooth Skimmer Locator to the Ridgecrest Police Department.
LACKAWANNA, N.Y.–Two masked men leaped over the counter of a credit union here and sprayed two tellers with an unknown substance before making off with two duffel bags of cash, according to police and the FBI.
COLUMBUS–Ohio Gov. Mike DeWine has signed into law legislation that will allow credit unions and other financial institutions to legally serve businesses that cultivate hemp and sell Cannabidiol (CBD) products when either of those compounds contain less than 0.3% of tetrahydrocannabinol (THC), the active ingredient in marijuana.’
MILWAUKEE, Wis.—In the past three months, La Macchia Group is reporting it has celebrated 11 groundbreakings and ribbon cuttings, kicking off construction and commemorating grand openings at credit unions and banks throughout the country, the company said.
NEW YORK—Second quarter earnings reports from card-issuing banks reveal small improvements in credit card spend.
WASHINGTON–As many had expected, the Federal Open Market Committee has cut rates by 25 basis points to a target rate for the federal funds rate of 2% to 2.25%.
WASHINGTON–Alleging credit unions are showing “troubling parallels” to the 1980s savings & loan crisis, state bankers associations in 50 states plus Puerto Rico have sent a joint letter to the Ways & Means committees of both the House and Senate demanding renewed oversight over credit unions, including hearings on whether the “tax- exempt credit union industry lives up to the ideals of its founding.”
PARADISE ISLAND, Bahamas—Citing the “great work” credit unions do around the world, Stephen Stapp encouraged attendees at WOCCU’s World CU Conference to accelerate their efforts and reach more people.