ALBANY, N.Y.—Wells Fargo has been hit with yet another fine for its banking practices.
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MADISON—The Wisconsin Office of Credit Unions has issued a letter to its state-chartered credit unions clarifying that a co-borrower on a loan must be a member.
HAUPPAUGE, N.Y.—Enhancing member connections, loan growth and lead generation are just some of the ways credit unions are benefiting from the GrooveCar Direct program, the company reported.
WASHINGTON—The Federal Financial Institutions Examination Council (FFIEC) has launched a redesigned Bank Secrecy Act/Anti-Money Laundering (BSA/AML) InfoBase website, aimed at sharing financial institution examination procedure information with examiners, financial institutions, the public and other stakeholders.
PORTSMOUTH, N.H.–Service Credit Union has launched a new advertising campaign showcasing its business members and their stories of growing a business in the New Hampshire economy.
BOSTON–Through a new partnership, two companies say they have launched America’s first debit Bitcoin ATM solution.
ARLINGTON, Va.—Just two months after hitting its all-time high, a measure of credit unions’ outlook for growth, earnings and lending has had done a U-turn and hit its lowest point.
BASEL, Switzerland—The Basel Committee on Banking Supervision has issued a revised Stress Testing Principles standard that will significantly reduce the regulatory burdens of stress tests on credit unions and other community-based financial cooperatives, according to the World Council of Credit Unions.
WASHINGTON–With just two weeks to go until the midterm elections, CUNA continues to put money behind candidates using independent expenditures, and said it will make announcements of additional expenditures later this week.
BASEL, Switzerland–The Financial Stability Board (FSB) has issued a new warning that crypto-based financial assets pose a threat to the security of financial markets.