MADISON, Wis.—The Global Women’s Leadership Network (GWLN) reported its 2023 Empowerment Grant initiatives supported over 760 individuals in Kenya and Mongolia, increased Kenyan farmers’ incomes by 20% and provided 112 Mongolian credit union leaders with training on sustainable finance, driving economic empowerment and sustainability in rural communities.
Fresh Today
WASHINGTON—As Congress moves closer to its end-of-year recess, both the Defense Credit Union Council and America’s Credit Unions are focused on finalization of the National Defense Authorization Act (NDAA).
WASHINGTON— After finalizing a rule to supervise the largest nonbank companies offering digital funds transfer and payment wallet apps, the Consumer Financial Protection Bureau has published a new order establishing supervisory authority over Google Payment Corp.
WASHINGTON—The Consumer Financial Protection Bureau has sued $84-billion Comerica Bank for “systematically failing” its 3.4 million Direct Express cardholders - primarily unbanked Americans receiving federal benefits, the agency reported.
WASHINGTON—NCUA Chairman Todd Harper Friday stressed that financial executives should focus on the long-term benefits of their organizations and not their personal, short-term needs, and touched on the CU systems’ concentration of assets in a few large institutions.
WASHINGTON—A new report provides insights into $4.8-billion Northwest Federal Credit Union’s multi-million-dollar sponsorship of the Washington Commanders.
WASHINGTON--The House of Representatives has released the official text for the Servicemember Quality of Life Improvement and National Defense Authorization Act (NDAA) for Fiscal Year 2025 and the legislation does not include the Durbin-Marshall Credit Card Competition Act (CCCA), or any related study proposals that could give rise to similar regulations, the Defense Credit Union Council (DCUC) reported.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) is now accepting nominations for membership to the Bank Secrecy Act Advisory Group (BSAAG).
FAIRFAX, Va.– The proposed merger between Apple FCU and NextMark Credit Union has been approved by NextMark's membership and state and federal regulators, the CUs reported in a joint release.
DES MOINES, Iowa--Nearly 10,000 members of MEMBERS1st Community Credit Union will receive between $5-$500 in December, as their portion of a bonus dividend distribution taking place December 15.