COLUMBUS, Ohio — Corporate One FCU said it has entered into a partnership with Grand Rapids, Mich.-based CUSO CU*Answers to expand the accessibility of real-time payments for credit unions across the nation.
Fresh Today
NEW YORK—The Securities and Exchange Commission (SEC) is warning some broker-dealers to strengthen policies and controls that guard against money laundering, including by taking more care to conduct customer due diligence when opening accounts.
WASHINGTON—The Digital Dollar Project has completed a pilot study as part of the latest private sector efforts in support of the exploration and experimentation of a central bank digital currency (CBDC) in the United States.
WASHINGTON—The Financial Stability Board (FSB) has released new guidelines for global regulators, including a demand for stablecoin issuers to obtain local licenses before operating in specific jurisdictions.
ALEXANDRIA, Va.–Today is the deadline to file comments with NCUA on its proposal to clarify what’s required for a credit union to receive and maintain a minority depository institution (MDI) requirement.
JACKSON HOLE, Wyo.—During the annual economic policy conference here, Federal Reserve Chairman Jerome Powell sounded a cautiously optimistic tone about the economy and indicated additional interest rate increases may be needed.
CHICAGO–As origination volumes for some credit products slow, a new TransUnion analysis has found fraud risk continues to grow, with fraudsters employing increasingly sophisticated tactics to target lenders.
WASHINGTON—Recent economic data points to a stronger economy than previously expected, but the current business cycle “contours” still point to an eventual downturn, according to the August 2023 commentary from the Fannie Mae Economic and Strategic Research Group.
TAMPA, Fla.–Two more credit unions have announced efforts to raise funds for victims of the wildfires in Maui.
WASHINGTON–Macy’s is warning that it has seen a spike among its cardholders who are late in making payments. The company, which had earlier said it expected an uptick in delinquencies in the wake of the pandemic, now says it has been surprised at just how large that uptick has been.