INDIANAPOLIS – Indiana’s credit unions played host to a group of 24 representatives from credit unions in Latin America who visited for several days to learn more about the American credit union business. The visit was coordinated between the Indiana Credit Union League and the World Council of Credit Unions (WOCCU).
Fresh Today
WASHINGTON—The operators of a scheme that sold “secrets for making money on Amazon” are banned from marketing and selling business opportunities and business coaching services under a settlement with the Federal Trade Commission, and they will surrender millions of dollars for return to consumers, the FTC reported.
SEATTLE—Starbucks and Chase are rolling out the Starbucks Rewards Visa Prepaid Card.
ALBANY, N.Y.—Shortly after giving its sixth-ever BitLicense to cryptocurrency wallet Xapo, New York has permitted fintech startup Square to operate in the state, allowing its users to buy and sell Bitcoin.
WASHINGTON–The Supreme Court has ruled in favor of an American Express policy that prevents retailers from offering customers incentives to pay with less-expensive cards.
WASHINGTON–Both the House and the Senate are back in session this week before recessing for July 4, with legislation and hearings of interest to credit unions on the calendar.
WASHINGTON–Primary races and run-offs are taking place in seven states today, with credit unions having taken active involvement in a number of those contests.
NEW YORK—The counselor to the U.S. Treasury secretary last week offered a sneak peek of the department’s fourth and final report on the current financial regulatory system which calls for a new regulatory approach for fintechs.
WASHNGTON—NAFCU Regulatory Affairs Counsel Andrew Morris has provided feedback on a proposal to create a nonprofit association – the U.S. Faster Payments Council – that would coordinate the remaining implementation work identified by the Federal Reserve's payments task forces. NAFCU has served on the task forces since their inception in 2015.
WASHINGTON—Federal banking regulators are being urged to not move forward with a rulemaking to loosen Volcker rule requirements as doing so "would revive the risky trading practices that contributed to the Great Recession and fundamentally degrade the stability and liquidity of capital markets."