WASHINGTON—A new proposal from the Financial Crimes Enforcement Network is looking to extend for the first time anti-money laundering (AML) program and Customer Identification Program (CIP) requirements for banks without a federal functional regulator, including non-federally insured credit unions, reported Keith Leggett, the former senior vice president and senior economist at the ABA.
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DUBLIN, Ireland–Sixteen credit unions in Ireland are part of an initiative to use Facebook to boost lending.
ST. PAUL, Minn.–Royal Credit Union is reporting it has completed its acquisition of Capital Bank here and that all of the bank’s customers are now RCU members.
ST. LOUIS, Saskatchewan, Canada—Thieves ripped an ATM out of the wall of an Affinity Credit Union branch here this weekend, getting away with the machine and the cash inside, paNOW reported.
PITTSBURGH–Self-driving cars, which have the potential to radically change credit union auto lending, continue to get closer with Uber announcing last week it will begin testing a fleet of 100 self-driving vehicles here.
LONDON—What’s the market value for the Internet of things?
REXBURG, Idaho–A delegation of representatives from Moldova spent time here visiting with credit unions as part of a week-long trip.
WASHINGTON–The debate over building and operating more branches isn’t just limited to credit unions; it’s very much alive in the banking industry, which has far more retail outlets than do CUs
WASHINGTON–Credit unions and their associations in two states today, as well as the national trade groups, will be watching the outcomes of voting in congressional primaries.
NEW YORK–The nation’s largest bank, J.P. Morgan Chase & Co., is getting more involved in the car shopping and financing business.