WASHINGTON–Numerous big banks, including Wells Fargo, have been hit with a combined $549 million in fines for failing to maintain electronic records of employee communications.
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TAMPA, Fla.– Trellance is reporting it continues to invest in AI technology, and is now delivering new natural language processing and generative AI -powered solutions to existing clients.
FORT KENT, Maine—Acadia Federal Credit Union is reporting it has “digitally transformed member services” through a partnership with Glia that has added a number of convenient digital-first service options and centralized its call center on the Glia Interaction Platform.
SAN JOSE, Calif.— PayPal has announced the launch of a U.S. dollar-denominated stablecoin, PayPal USD (PYUSD).
WASHINGTON–With Congress out for its August recess CUNA said it and its state leagues have shifted their focus to the states and districts, with a special emphasis on the proposed Credit Card Competition Act and the value of interchange.
WASHINGTON– CUNA and NAFCU have issued a joint statement in response to the Community Development Financial Institution (CDFI) Fund’s Community Development Advisory Board’s Final and Approved CDFI Certification Recommendations, which were adopted on July 31.
WASHINGTON—The Independent Community Bankers of America (ICBA), the Independent Bankers Association of Texas (IBAT), and Texas First Bank have filed a motion and complaint calling on a federal court to declare that the Consumer Financial Protection Bureau’s Section 1071 final rule is invalid and unenforceable and are seeking preliminary and permanent injunctive relief.
MADISON, Wis.—In conjunction with the 75th anniversary of International Credit Union Day this year, the Worldwide Foundation for Credit Unions (WFCU) has announced a major fundraising drive, calling on credit union employees, members and advocates to help raise $750,000 in 75 days.
WINSTON-SALEM, N.C.– Piedmont Advantage Credit Union (PACU) has issued a statement cautioning businesses that process debit card payments as credit card transactions to not surcharge their customers, noting federal law prohibits the practice.
PASADENA, Calif.–The former Parsons Federal Credit Union here has begun to operate as Skyla Credit Union after completing its data conversion following a cross-country merger.