ARLINGTON, Va.—The pace at which FinCEN proposes or issues new rules is expected to quicken, following a recent consent order against Shinihan Bank America (Shinihan Bank) for willfully violating the Bank Secrecy Act (BSA), NAFCU is predicting.
Fresh Today
SEATTLE—Amazon has introduced a new version of its Just Walk Out retail technology that allows customers to skip the cashier lines when they make a purchase by having their payment card automatically charged.
IRVINE, Calif.–Why are workers at so many organizations unhappy? A new study offers some insights.
FRANKFURT, Germany–The European Central Bank said it is now exploring ways to use artificial intelligence to better understand inflation and to support its regulation of big banks.
ALEXANDRIA, Va.–The NCUA board has voted 3-0 to put out for 60-day comment updated hiring rules aimed at helping credit unions give “second chances” to people by hiring them.
ALEXANDRIA, Va.––The NCUA board has voted 3-0 to put out for 60-day comment a proposal to simplify share insurance requirements.
ALEXANDRIA, Va.–With an “unprecedented surge” in cyberattacks taking place, the NCUA board has been given an update on what the agency has learned from cyber-related exams, where attacks are coming from, and what steps are being taken.
ALEXANDRIA, Va.–In the first month following a new rule requiring credit unions to report cyber-incidents to NCUA, the agency is reporting it received 146 such reports, more than half of which were due to third-party compromises.
WASHINGTON — With credit unions celebrating International Credit Union Day, a new survey released by the American Bankers Association has found U.S. consumers are generally “unaware of the differences between banks and credit unions” and believe credit unions should be “held to the same standards as the banks they compete with for customers every day,” according to the trade group.
WASHINGTON– After indicating it may consider the issue, both the National Retail Federation and the Merchants Payments Coalition are urging the Federal Reserve to approve lowering its 21-cent cap on debit card “swipe” fees when its Board of Governors meets next week to consider proposed regulations on the issue.