WASHINGTON—Credit unions are stepping up their visits to Washington this month, reports CUNA, which says that 19 CU leagues from 26 states will Hike the Hill in September.
Fresh Today
ARLINGTON, Va.—NAFCU again has shared its support for NCUA’s proposal to update its field of membership rule, urging the agency to make changes to its FOM amendment process and procedures.
BISMARCK, N.D.–The Credit Union Foundation of the Dakotas has donated $8,000 to CUAid to assist flood victims in two states.
KENOSHA, Wis.–Georgine Lewis, the longtime CEO at Southern Lakes Credit Union, has died. Ms. Lewis was 65.
PURCHASE, N.Y.–PayPal Holdings has entered into a deal with MasterCard that will allow payments in stores.
ASHLAND, Ky.–Members Choice Credit Union reported it has been selected as one of the winners of the 2016 Excellence in Operations, Sales & Service Award by the CUNA Operations, Sales & Service Council.
BASEL, Switzerland—Financial institution regulators across the world are looking into the reasons why large banks are pulling back from handling cross-border payments—something that is making it more challenging for families to send money to relatives overseas, Reuters reported.
NEW YORK–Wall Street banks are demonstrating that fintech start-ups aren’t limited to Silicon Valley. Companies such as Zelle and Concord are fintechs that have been launched by the nation’s biggest banks as a means of protecting their own turf and growing their businesses.
MOSCOW—Another study shows that security and fraud concerns are slowing adoption of mobile banking.
SAN FRANCISCO—Hacker attacks on hotel chains are not slowing.