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.
SAN JOSE, Calif.–Fair Isaac Corp., creator of the FICO credit score, said it will introduce a new scoring system in early 2019 that factors in how consumers manage the cash in their checking, savings and money-market accounts.
CHARLOTTE, N.C.—Bank of America has introduced My Rewards, a single dashboard that enables banking customers to see and manage all of their rewards across multiple Bank of America rewards programs.
PANAMA CITY BEACH, Fla.–Navy Federal Credit Union has been forced to open a branch inside a hotel here.
TAMPA, Fla.–Suncoast Credit Union here is rolling out a new payment service to its members that it part of a process that seeks to move away from a payments process to an enhanced “payments experience.”
RANCHO CUCAMONGA, Calif.–A detailed report on the member journey has been published by CO-OP Financial Services and Mastercard.
INDIANAPOLIS–Teachers Credit Union has announced another partnership with a local school district.
WASHINGTON–A new paper has been released that examines what is happening at the “intersection” of cyber attacks on financial institutions and market infrastructures and efforts by the private sector and government to improve resiliency.
