WASHINGTON—The Federal Trade Commission is taking action against payment processing company BlueSnap and its former CEO, Ralph Dangelmaier and senior vice president, Terry Monteith, charging them with knowingly processing payments for deceptive and fraudulent companies.
Fresh Today
PLEASANTON, Calif.–Patelco Credit Union has enrolled in the Banking Innovation Program offered by Metallicus, the core developer of Metal Blockchain.
PURCHASE, N.Y.—With scammers taking advantage of the latest technologies like AI to deceive people, Mastercard has introduced Scam Protect, which it is describing as a suite of specialized solutions backed by AI to help identify and prevent scams.
FRANKFURT, Germany—One board member of the European Central Bank is expressing concerns over the ability of iPhones to work with cryptocurrency.
ALEXANDRIA, Va.–The NCUA board was given an update on the state of the National CU Share Insurance Fund, with the data showing a big increase in investment income but also a projected overall decline in the normal operating level at by mid-year.
ALEXANDRIA, Va.–With one person suggesting the move runs counter to the mission outlined in the FCU Act, and the other saying it instead supports the idea of member-ownership, two NCUA board members spent the first 20 minutes of the agency’s board meeting outlining strongly opposing views on what NCUA’s collection of data related to overdraft/NSF income is going to mean—or whether it’s even necessary.
WASHIGTON–The financial well-being of U.S. households in 2023 was nearly unchanged from 2022 as “higher prices remained a challenge for most households and workers continued to benefit from a strong labor market,” according to a new report from the Federal Reserve.
WASHINGTON—Legislative proposals to expand financial institution liability under the Electronic Fund Transfer Act (EFTA) are deeply concerning to America’s Credit Unions and its members, ACU wrote to the Senate Homeland Security Permanent Subcommittee on Investigations prior to the subcommittee’s hearing this week on fraud and the Zelle.
ALEXANDRIA, Va.—When the NCUA board meets today in an unusual Wednesday meeting it will have a relatively light agenda, as a quarterly briefing on the Share Insurance Fund (SIF) is all that is currently on the schedule.
WASHINGTON—Federal Communications Commission Chairwoman Jessica Rosenworcel met this week with America’s Credit Unions President/CEO Jim Nussle and members of the organization’s advocacy team to discuss credit union priorities related to several agency actions, according to the trade group.