KARACHI, Pakistan—Telenor Microfinance Bank (TMB) revealed it will offer remittances between Pakistan and Malaysia using blockchain technology from Ant Financial, a move the company said would improve the security and speed of transactions.
Fresh Today
BOSTON—More than 45% of consumers who shop online complete their purchases via mobile smartphone, compared to just under 34% who use computers—showing how big a role mobile devices have come to play in shopping and payments, a new study reveals.
PARIS—Mobile transactions accounted for 40% in North America and 52% in Asia-Pacific of all transactions globally, a new report shows.
JACKSONVILLE, Fla.—VyStar Credit Union announced it plans to acquire $280-million Citizens State Bank, a Florida state-chartered bank headquartered in Perry.
OKLAHOMA CITY, Okla.–As the partial federal shutdown enters its 25th day, thousands of furloughed workers continue to reach out to their credit unions and even food pantries for assistance.
ALEXANDRIA, Va.–In response to NCUA’s proposals for updating federal credit union bylaws, NAFCU has proposed several bylaw amendments it said will carry out the agency’s intent to update, clarify and simplify the federal credit union bylaws “while allowing the industry the flexibility necessary to work within their unique fields of membership.”
WASHINGTON—CUNA supports an approach to federal credit union bylaws that provides those institutions flexibility to work within the bylaws, as well as an efficient amendments process when deviation is appropriate, CUNA wrote to NCUA.
ARLINGTON, Va.–It’s unlikely credit unions will see any of the kind of broad regulatory relief measures passed by the new Congress, and will instead have to focus on smaller, more targeted efforts, according to NAFCU’s Carrie Hunt.
WASHINGTON–The partial government shutdown and an early-week snowstorm have made for a slow agenda in Congress this week in terms of issues of importance to credit unions.
WASHINGTON – Congressman Patrick McHenry (R-NC), Republican leader of the House Financial Services Committee, sent letters to the eight Inspectors General (IG) of the agencies within the committee’s jurisdiction requesting an update on the agencies’ efforts to implement the IGs’ recommendations to reduce waste, fraud, and abuse.