NEW YORK—What should credit unions expect fintechs to focus on 2024?
Fresh Today
COLUMBUS, Ohio–Corporate One FCU is reporting is has now connected 18 credit unions to the RTP network via its Third-Party Service Provider (TPSP) solution.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) is once again extending the time for certain Report of Foreign Bank and Financial Accounts (FBAR) filings. The latest extension is part of a notice of proposed rulemaking (NPRM) FinCEN issued March 10, 2016, which proposes to revise the regulations implementing the Bank Secrecy Act (BSA) requirements regarding FBARs.
WASHINGTON—A package of seven legislative proposals put forward by the Biden administration would seeks to enhance the capabilities of the Department of Justice (DOJ) to bring money laundering and racketeering charges related to corruption.
WASHINGTON–There are “multiple indicators” an upcoming economic slowdown is coming, according to a new report from the Treasury.
Fintech SAN FRANCISCO–In what will come as no surprise to any credit union that has attended a pitch session by fintechs seeking investments from credit unions, start-ups offering AI-related solutions are defying the overall trend and having little difficulty raising funds.
PURCHASE, N.Y.—Samsung reported it is joining Mastercard's new Wallet Express program, which seeks to make it easier for banks and card issuers in the U.K. to offer their customers the electronic giant's wallet offering.
BASEL, Switzerland—Global money laundering and terrorist financing risks continue to escalate, according to the 2023 Basel Anti-Money Laundering (AML) Index.
NEW YORK–In early 2024, credit unions are going to need to be wary of members who have accumulated loan debt during the holidays that isn’t showing up on credit reports.
WASHINGTON–Some of the governors with the Federal Reserve have offered some additional insights into their thinking around the direction of rates in 2024, although there is some disagreement around how many rate cuts might take place and when.