NEW YORK—Two of the world's biggest companies, Microsoft and JP Morgan, have entered into a joint partnership to integrate their blockchain platforms.
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CHARLOTTE, N.C.—Bank of America is looking to change its image from that of a megabank to a “trusted financial coach” for its 66-million customers, a new report suggests.
VALLETTA, Malta—With just a single transaction, hackers have stolen nearly £31 million ($40m) in Bitcoins from one of the world's largest cryptocurrency trading companies.
FOSTER CITY, Calif.—Visa has completed the acquisition of publicly-listed fintech Earthport.
WASHINGTON–NCUA Chairman Rodney Hood, in testimony before Congress this week, is reporting a healthy credit union community and identifying where the agency believes any risks might lie.
WASHINGTON–A consumer advocacy group is reporting its examination of comment letters submitted to the CFPB related to a payday loan proposal found more than 7,000 “pro-payday comments used suspiciously duplicative language.” The comments represent more than 27% of the total comments, according to Allied Progress.
PORTLAND, Ore.—Mobile payment adoption in unattended retail is gaining momentum ahead of traditional retail, a new report indicates.
MADISON, Wis.–The National Credit Union Foundation said its 2019 grant cycle is open. The Foundation is seeking requests for proposals from credit unions that want to document and measure the impacts of their products and services on member and employee financial health. The deadline for proposal submission is June 30, 2019.
ARLINGTON, Va.–The credit union trade associations have sent a number of letters to the CFPB and Capitol Hill, with NAFCU responding to the agency’s announcements around payday lending rules, and both trade groups reiterating its positions ahead of NCUA Chairman Rodney Hood’s congressional testimony today and tomorrow.
MADISON, Wis.—CUES and Quantum Governance, L3C, said they have expanded their suite of assessment offerings with a new Supervisory/Audit Committee Assessment. As with the other assessment offerings, Board Governance Assessment, CEO Assessment, and Director Skills Assessment, the new Supervisory/Audit Committee Assessment analyzes the effectiveness of this vital committee at credit unions of all sizes, the organizations said.