PHILADELPHIA—Seeking to account for higher credit risk, a new study suggests bank lenders have reduced credit supply (by 10%) to “opioid-impacted populations.”
Fresh Today
LISBON, Maine–Lisbon Community Credit Union has selected a new president and CEO to succeed George Roy, who plans to retire at the end of June.
MADISON, Wis.—The Worldwide Foundation for Credit Unions (WFCU) and the World Council of Credit Unions (WOCCU) have launched a Brazilian Flood Relief Fund to solicit donations in support of the credit union movement in Brazil, which has faced “unprecedented devastation this month from flooding and overflowing rivers in the state of Rio Grande do Sul.
WASHINGTON —In light of intensified terrorist activity in the Middle East, the Financial Crimes Enforcement Network (FinCEN) has issued an advisory to assist financial institutions in detecting potentially illicit transactions related to Islamic Republic of Iran-backed terrorist organizations.
RICHMOND, Va.–Seven men have been indicted in theEastern District of Virginia and charged with racketeer influenced and corrupt organizations (RICO) conspiracy and money laundering conspiracy in connection with their alleged participation in a large-scale gas pump skimming device organization.
WICHITA, Kan.– Millennium Corporate Credit Union has named a new president and CEO. Effective June 1, Kent Gleason has been selected to lead the organization. Gleason is currently chief operations officer/executive vice president.
DECATUR, Ala.–Twenty-three people have been charged and 18 have been arrested for alleged theft that led to more than $2 million in losses by Redstone Federal Credit Union.
COLUMBUS, Ohio—Klarna is finally launching its credit card in the United States, and as would be expected, and it will have a buy now, pay later (BNPL) component.
NEW YORK— Effective October 1, Citi and Chase will cover higher Global Entry fees for certain cardholders.
MALVERN, Penn.— AKUVO, a provider of collections and credit risk solutions, is reporting it signed 17 new financial institutions to the AKUVO Platform during the first quarter of 2024.