LAS VEGAS–The CU Leadership Convention said it has entered into a partnership with the African-American Credit Union Coalition (AACUC).
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WASHINGTON—Two fintechs that made “false promises” related to small businesses and the Paycheck Protection Program (PPP) have been hit with more than $50 million in combined fines by the FTC.
WASHINGTON—Treasury’s Community Development Financial Institutions Fund (CDFI Fund) and Office of Civil Rights and Equal Employment Opportunity (OCRE) will conduct a free webinar March 21 designed to assist organizations in understanding the requirements of the CDFI Fund’s Title VI Compliance Worksheet.
LVIV, Oblast, Ukraine–The Worldwide Foundation for Credit Unions, the philanthropic arm of the World Council of Credit Unions, has offered an update on how funds are helping to meet the needs of children with certain psychophysical developmental disabilities in the wake of Russia’s invasion of the country.
SAN FRANCISCO—Users of PayPal’s overseas money transfer app Xoom will pay no fees if they use the company’s stablecoin, PYUSD, for the transfers, according to a new report.
SAN FRANCISCO—Visa is reporting it has entered a seven-year agreement with Western Union to help the latter’s customers send money to their family and friends’ eligible Visa cards and bank accounts in 40 countries across five regions.
WASHINGTON—The Federal Reserve will host a free 60-minute webinar today on how FedNow participants have planned and implemented fraud risk management strategies in advance of adopting the service.
WASHINGTON—With bankers descending on Washington this week for the American Bankers Association’s annual Summit, America’s Credit Unions said it will be ramping up its messaging on Capitol Hill about the “credit union difference.”
NEW YORK—New data show more consumers continue to use buy now, pay later for everyday purchases.
ST. PETERSBURG, Fla.–With consumer indexes showing mixed optimism during February, actual consumer spending was steady during the month, according to the March 2024 edition of the PSCU Payments Index.