WASHINGTON—The Securities and Exchange Commission (SEC) and Treasury’s Financial Crimes Enforcement Network (FinCEN) have jointly proposed a new rule that would require SEC-registered investment advisers (RIAs) and exempt reporting advisers (ERAs) to establish, document, and maintain written customer identification programs (CIPs).
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NEW YORK—A new use for virtual cards is surfacing, a new report is indicating.
MADISON, Wis.–A webinar titled “Shifting Consumer Needs and Attitudes: How Credit Unions Can Respond” will be hosted today by TruStage.
ALEXANDRIA, Va.–NCUA will host a webinar today on the minority depository institution designation and how it can benefit their members and communities.
HONG KONG—The Hong Kong Monetary Authority (HKMA) has unveiled :Project Ensemble,” which includes a new wholesale central bank digital currency, Ledger Insights reported.
GRAND BLANC, Mich.—The $1.52-billion ELGA Credit Union is reaching well beyond its state’s borders to buy the $650-million Marine Bank & Trust, based in Vero Beach, Fla.
PONTIAC, Mich.–A new zero-percent down mortgage program has been launched by one of the nation’s largest mortgage lenders, and some analysts are expressing worries about how the loans could eventually hurt borrowers.
BOSTON–With its own data showing 95% of credit unions are chasing prospective Gen Z members, a new report has found it’s a “fickle” generation—but it’s also ripe for using more products from credit unions.
WASHINGTON–America’s Credit Unions is using a relatively quiet period in Congress this week to raise its ongoing concerns around Regulation E and the liabilities increasingly being faced or potentially faced by credit unions.
NEW YORK—While OpenAI's latest chatbot (GPT-4o) offers an array of “flashy” new features, experts are throwing some water on expectations around the new technology, especially when it comes to cybersecurity, according to a new report.