NEW YORK—About 700 financial institutions have connected to the Fed’s instant payment network—FedNow--since its debut in July of 2023, with at least 1,000 more in the pipeline, according to a new report.
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WASHINGTON–The Federal Reserve is now seeking comment on a proposal to expand the operating days of the Federal Reserve Banks' two large-value payments services to include weekends and holidays, so that they would operate every day of the year.
WASHINGTON—The Treasury Department fears terrorist groups will increase their use of virtual currencies and other digital assets unless Congress approves new regulatory tools, Deputy Secretary Wally Adeyemo said.
WASHINGTON–Job growth has finally showed the signs of a slowdown the Federal Reserve has been seeking, with unemployment ticking higher in April after a 2024 that until the most recent report had been surprising analysts with strong monthly numbers.
MADISON, Wis.–Every consumer credit category in credit unions was down in the first two months--although mortgage lending saw increases-- according to the newest Trends Report from TruStage, which also shows larger CUs reported significantly slower loan growth in 2023 as compared with 2022.
NEW YORK—Americans place more importance on credit card features, like rewards, interest rates, and other perks, than how much they trust a credit card issuer, according to a survey from The Motley Fool Ascent.
WASHINGTON—While information remains incomplete on just how big the risk might be for credit unions and their members, UnitedHealth Group has acknowledged that up to one-third of Americans could have had their personal data stolen as part of a data breach earlier this year.
WASHINGTON—Critics of credit union acquisitions of banks are conveniently ignoring the benefits, according to America’s Credit Unions.
ST. GEORGE, Utah–Authorities have indicted a Nevada man for a scheme that targeted credit unions and involved more than $7 million in stolen U.S. Treasury Checks.
MADISON, Wis.—The Worldwide Foundation for Credit Unions has announced that on July 23 it will recognize 25 awardees from four continents as the International Credit Union Development Educator (ICUDE) Class of 2024 at the Global DE Social event held in conjunction with the 2024 World Credit Union Conference (WCUC 2024) in Boston.