WASHINGTON—NCUA said it will host the second part of a two-part workshop, “Sustaining DEI Through Developing Your DEI Strategic Plan,” Aug. 21, starting at 1 p.m. ET.
Fresh Today
NEW YORK—In the second quarter, three of the nation’s largest banks--JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo--all raised their provisions for credit losses from the prior quarter, a new report notes.
SAN ANTONIO –– SWIVEL, a fintech that provides “transaction enablement” to remove friction in the movement of money, has announced an integration with Apple Pay that it said enables its credit union clients to accept loan payments from members through the mobile wallet.
CLAREMONT, Calif.–Western CUNA Management School (WCMS) hosted its annual ‘WCMS Innovators Challenge.’
WASHINGTON—The Consumer Financial Protection Bureau (CFPB) has issued a circular to law enforcement agencies and regulators explaining how companies may be breaking the law by requiring employees to sign broad nondisclosure agreements that could deter whistleblowing.
ST. CLOUD, Minn./ROCKY HILL, Conn.–St. Cloud FCU and DaLand CUSO said they have partnered on the development of the CU-Digital Asset Vault, built on DaLand’s CODE Engine, and will be the first credit union in the nation to solve the “major problem of giving people a trusted, local, secure location to store their new form of wealth—digital assets.”
WASHINGTON–The United States Agency for International Development (USAID) said it is launched a new “GROW Project” to expand credit union business lending in Ukraine to support economic growth and the creation of jobs, even as that country remains under attack from Russia.
HONG KONG—BitMEX has pled guilty to violating the Bank Secrecy Act by failing to establish an adequate anti-money laundering program, with federal prosecutors saying the company operated without a meaningful AML program from 2015 to 2020.
BRUSSELS, Belgium—Instant payments continue to gain traction across Europe, driven by increased consumer and business expectations, according to a new report.
NEW YORK–Even as rates appear to have peaked and markets are waiting on the Fed to cut rates, a new analysis has found many depository institutions are continuing to use the one-year certificates of deposit with relatively high rates to attract and retain customers.