CHICAGO — A mega-church here has issued a public apology to a credit union, saying a lawsuit it filed was a sinful violation of 1 Corinthians 6 and biblically should not have been pursued.
Fresh Today
WASHINGTON—The Treasury’s Office of Foreign Assets Control (OFAC) has published “A Framework for OFAC Compliance Commitments” to provide guidance on the essential components of an effective sanctions compliance program (SCP).
NEW YORK–A U.S. federal court here has ruled it has the authority to hear a challenge by the New York Department of Financial Services to the Office of the Comptroller of the Currency’s plan to issue special-purpose national bank (“SPNB”) charters to fintechs.
POUGHKEEPSIE, N.Y. — Hudson Valley Federal Credit Union is looking to switch to a state charter in order to expand its field of membership, and has put the matter before its members for a vote.
ROCKY HILL, Conn.–Nutmeg State Financial Credit Union has announced what it is calling a major “office space transition” during which its corporate offices will consolidate under one roof at 500 Enterprise Drive to improve operational efficiency and reduce business costs.
LONDON—Bankable, the global provider of “Banking as a Service” solutions, announced that it inked a partnership with Visa to enable financial firms and banks to access real-time modular banking services.
ARLINGTON, Va.—Total vehicle sales decreased to a rate of 16.4 million annualized units in April, and the decline is expected continue in coming months, said NAFCU Research Assistant Dhruv Singh.
KEY WEST, Fla.–Four credit unions that have found ways to target, attract and become relevant to Millennial-age and younger members shared their strategies and experiences in doing so during NAFCU’s CEOs and Senior Executives Conference here.
KEY WEST, Fla.–People have no idea how fast things are moving, according to one person–but that doesn’t mean CU leaders can’t keep up.
SAN FRANCISCO—Cashless society? Not yet. More than half (55%) of U.S. mobile users said they hate the idea of life without cash, signifying a major hurdle for financial institutions, payments processors and tech companies that urge consumers to adopt digital wallets, a new report reveals.