WASHINGTON—The Independent Community Bankers of America is reporting it submitted to the House of Representatives a petition of more than 10,000 community bank employees and allies urging immediate passage of the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act (S 2155).
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WASHINGTON—Government-sponsored enterprises (GSEs) Freddie Mac and Fannie Mae reported net incomes of $2.9 billion and $4.3 billion, respectively, in the first quarter of 2018.
HERNDON, Va.–Northwest FCU has signed a partnership deal with Minor League Baseball’s Potomac Nationals that includes naming rights to what will now be known as Northwest Federal Field at Pfitzner Stadium.
ALBUQUERQUE, N.M.– Kirtland Federal Credit Union has named as its new president/CEO Tom Shoemaker. Shoemaker has been serving as the interim president of the credit union since October 2017 and has been with the $800-million credit union for more than two decades.
BROOKFIELD, Wis.–Fiserv has partnered with Rippleshot, a fraud analytics firm, to offer Card Risk Office Fraud Warning.
STOCKHOLM, Sweden—India and Sweden are working toward setting up a common task force on cybersecurity, where both the countries will join hands to find innovative solutions to combat threats looming the cyberspace.
DALLAS—GIACT Systems has launched Beneficial ID–a comprehensive digital platform built to directly address the Financial Crimes Enforcement Network (FinCEN), U.S. Department of the Treasury ruling requiring additional Customer Due Diligence (CDD) on financial institutions' legal entity customers' beneficial ownership.
TYSONS Va.–The PenFed Foundation said it raised a record amount of more than $2.5 million at its 14th Annual Night of Heroes Gala.
OSHKOSH, Wis. – The former bookkeeper of a credit union here who was convicted of embezzling was sentenced by a federal court to three years in prison.
PHOENIX—The Rules Committee of the Arizona House of Representatives has passed SB 1091, a bill that would allow state residents to pay their taxes with cryptocurrencies.