WASHINGTON–With marijuana-related issues on the ballot in numerous states this year, the number of financial institutions working with pot businesses is up 45%, even though the sale of marijuana remains a federal crime.
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DENVER—The Federal Reserve’s crackdown on financial services businesses that support the cannabis industry continues, this time taking away the ability of CS Compliance Systems, developers of CannaScore, to accept credit card payments, the Denver Business Journal reported.
WASHINGTON—CUNA has launched a new website identifying each of the CULAC-backed candidates for the upcoming 2016 elections.
RANCHO CUCAMONGA, Calif.–CO-OP Financial Services and CUProdigy said they are partnering to provide CO-OP’s online bill payment solution to CUProdigy’s core processing and cloud computing client credit unions.
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.
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.