MADISON, Wis.—The Financial Action Task Force’s new guidance on de-risking related to correspondent banking and anti-money laundering is good news for credit unions, asserts one analyst.
Fresh Today
WASHINGTON—The U.S. economy grew 2.9% in the third quarter, according to the Commerce Department’s initial estimate released Friday.
WASHINGTON—The Consumer Financial Protection Bureau said that its recent supervisory actions have returned more than $11 million to more than 225,000 harmed consumers.
ELGIN, Ill.– Lending Solutions Consulting (LSCI) will host its Indirect Lending Institute Dec. 6-8 in Charleston, S.C. The class will be taught by Ed Swanson, a consultant with more than 30 years of experience working for and with credit unions.
PARIS—Taking advantage of the growth of mobile banking, mobile carriers are showing interest in becoming a bank, as well.
OSHKOSH, Wis.–Chatter Yak! announced that through September 2016 the $766-million Verve CU closed more than $3.2 million in loans via social media, surpassing last year’s numbers with a quarter of the year remaining.
HILO, Hawaii – Hawaii First Federal Credit Union has been approved as a Blue Zones Project Worksite, an initiative to create a healthier, happier and more purpose-driven work environment.
PRINCETON JUNCTION, N.J.— The Smart Card Alliance will be holding a free “EMV Tokenization” webinar Nov. 3 to help issuers, acquirers, processors, and merchants learn more about tokenization and how to implement it.
WASHINGTON—The actions of the NCUA board last week show what can be accomplished through advocacy and credit union grassroots efforts, according to both CUNA and NAFCU.
ALEXANDRIA, Va.—NCUA has issued five notices of prohibition to individuals who have been convicted of crimes of dishonesty and, as a result, are prohibited from participating in the affairs of any federally insured financial institution.