TAMPA-- Velera Tuesday introduced its new Risk Alert Manager, a fully integrated risk mitigation solution that allows Velera credit unions to monitor and respond to potential fraud events in near real time.
Fresh Today
NEW YORK— Circle Internet Group has acquired IBM's blockchain patent portfolio, a deal that gives the USDC stablecoin issuer control of more than 680 patent families encompassing nearly 1,000 issued patents and makes it the largest holder of blockchain patents in the United States, the company reported.
WASHINGTON— New York Attorney General Letitia James is urging Congress to rewrite the pending Digital Asset Market Clarity Act, arguing the legislation would weaken states' ability to combat cryptocurrency fraud and should include stronger consumer protections, anti-money laundering requirements and ethics restrictions on public officials.
PURCHASE, N.Y.— Mastercard has expanded its virtual card platform with new security controls and integration capabilities aimed at helping businesses and financial institutions better manage commercial payments, as adoption of virtual card technology continues to grow globally.
WASHINGTON--The Federal Reserve has proposed a suite of changes to its policies and rules to create a special purpose account called the Payment Account. In response, America’s Credit Unions Innovation and Technology team provided written comments outlining what credit unions would like to see before a final rule is issued.
LONDON— Wise plans to submit a second application for a U.S. national trust bank charter after the Office of the Comptroller of the Currency (OCC) rejected its original bid, saying the application no longer fit the evolving U.S. regulatory landscape and citing compliance shortcomings identified during its review.
LOS ANGELES—A member of the South Los Angeles-based Crips street gang has been sentenced to nine years in federal prison for his role in a $2.8-million bank fraud scheme that used stolen and altered checks, along with social media, to recruit accomplices and drain bank accounts before financial institutions could detect the fraud, the Department of Justice reported.
TROY, Mich.— Americans remain under significant financial strain despite modest improvement in their overall financial health, with two-thirds still considered financially unhealthy and more than three-quarters continuing to cut spending to cope with higher costs, according to new research from JD Power. The firm's June Banking and Payments Intelligence Report found 34% of consumers are now considered financially healthy—the highest share since November 2025—but 66% remain financially vulnerable, overextended or stressed.
BILOXI, Miss.—After wiping out millions in members' credit card debt earlier this year, Keesler Federal Credit Union is turning its attention to another major household expense: auto loans.
WASHINGTON— With the House now in its August district work period and the Senate facing just two legislative weeks before recess, both America's Credit Unions and the Defense Credit Union Council are watching a crowded Senate agenda that could shape the industry's regulatory landscape.