NEW YORK—Goldman Sachs continues its efforts to exit its largely failed foray into consumer lending.
Fresh Today
EAST RUTHERFORD, N.J.–Navy Federal Credit Union’s name and brand will be in the news this weekend when the National Hockey League hosts its Stadium Series at MetLife Stadium, better known as home to the NFL’s Giants and Jets.
VENTURA COUNTY, Calif.— Ventura County Credit Union, (VCCU) is reporting its Simply Essential Checking has been officially certified by the national Cities for Financial Empowerment Fund (CFE Fund) as meeting the Bank On National Account Standards (2023 - 2024).
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has issued a Financial Trend Analysis (FTA) reflecting an increase in Bank Secrecy Act (BSA) reporting associated with the use of convertible virtual currency (CVC) and online child sexual exploitation (OCSE) and human trafficking.
GREENSBORO, N.C.– Vizo Financial said it will host a panel discussion with credit union experts, as well as sessions on real-time payments fraud, cyber risks and more as part of its upcoming 2024 Risk Management Conference.
BEIJING, China—China said it is revising its anti-money laundering laws to include stringent measures against cryptocurrency-related transactions.
ALEXANDRIA, Va.–Thanks to higher interest rates and lower-than-expected losses, the National Credit Union Share Insurance Fund enjoyed robust performance in the final quarter of 2023, but the agency is stressing concerns it has over the sharp increase in the deterioration of CAMELS codes.
WASHINGTON—The U.S. economy will experience moderate growth in 2024 while avoiding recessions, America’s Credit Unions’ economists forecast in ACU’s January Economic Update.
LAWRENCEVILLE, Ga.—Used vehicle values started off 2024 by heading downward, Black Book is reporting.
OKLAHOMA CITY, Okla.–Florence Rogers, the credit union CEO who survived the bombing of the Alfred P. Murrah Federal Building that killed 18 of the CU’s employees, has died. Ms. Rogers was 88.