NEW YORK–Just why check fraud is so rampant and how easy it is to go online and buy stolen checks was made apparent in a new report that stated, “Our national check-writing habit is turning into an enormous problem.”
Fresh Today
PASADENA, Texas–The $392.3-milion Essential Credit Union said it has expanded across state lines and into Baton Rouge, La., through a merger with Priority Postal Credit Union.
SEATTLE—The CEO of one of the first credit unions in Washington to serve the cannabis industry said passage of the SAFER Banking Act––which would remove many of the federal prohibitions on providing financial services to cannabis companies and workers––is at a critical juncture.
SEATTLE— Strum Platform is reporting it has signed three more credit unions.
WASHINGTON—Concerns over the ability of consumers to calculate deposit insurance coverage under new rules proposed by NCUA have been expressed in a letter from NAFCU to the agency.
RACINE, Wis.–Educators Credit Union has entered into a partnership with Bobby Portis of the NBA’s Milwaukee Bucks.
LONDON—The U.K.’s Financial Conduct Authority (FCA) has proposed a new set of rules aimed at protecting access to cash for consumers and businesses as digital payments continue to rise.
SAN ANTONIO—RAI Partners, a CUSO that offers fintech financial solutions for credit unions, has launched its new platform.
PURCHASE, N.Y.— U.S. retail sales excluding automotive increased +3.1% year-over-year this holiday season, according to preliminary insights from Mastercard SpendingPulse data for Nov. 1-Dec. 24.
TROY, Mich.–A comprehensive survey of the customers of nine national banks across seven factors has revealed an increase in overall satisfaction, as well as some “warning signs” over how readily customers will leave to chase rates.