EL PASO, Texas–evolve FCU has launched a new Collegiate checking account it said is designed to “help college students during their scholastic journeys and guide them to financial independence.”
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SKAGWAY, Alaska–Two credit unions have responded to this town’s request for expanded financial services—but each has a catch: they are looking for free office space to get started.
WASHINGTON—The Federal Trade Commission has taken action against online used car dealer Vroom, alleging the company has been “misrepresenting” that it thoroughly examined all vehicles before listing them for sale. The FTC further alleged the company has failed to obtain consumers’ consent to shipment delays or provide prompt refunds when cars weren’t delivered in the time Vroom promised.
BATON ROUGE, La.— Neighbors FCU has launched the “Blueprint for Financial Success Program,” which it said is an initiative aimed at “empowering members with personalized financial guidance.”
WESTBURY, N.Y–Jovia Financial Credit Union has formed a new unit to provide cybersecurity and cybersecurity literacy solutions.
LIMA, Peru—The USAID/World Council of Credit Unions (WOCCU) Economic Inclusion Project launched a new initiative during its semiannual meeting here with an aim of facilitating better coordination between the public and private sectors in the development of regulatory proposals, mechanisms and strategies that improve access to financial services and boost economic opportunities for Venezuelan migrants and refugees.
NEW YORK—Companies across the U.S. are heading toward a “refinancing cliff” that could cost them billions in the new era of high interest rates, setting up a "slowly unfolding crisis," according to one new analysis.
COCKBURN, Turks and Caicos–As part of a government-backed initiative to launch a credit union for residents of the islands, plans are moving forward to give each resident an account when the credit union opens.
PURCHASE, N.Y.— Mastercard has launched a peer-to-peer cryptocurrency credentials pilot program the company said is designed to simplify how users send and receive digital currencies.
DUBLIN, Calif.–The online banking system at Patelco Credit Union remains down, affecting more than 500,000 members, with the credit union now confirming it has been hit by a ransomware attack.