AUSTIN, Texas–The new “Global Banking Fraud Index 2023” offers some insights into the biggest banking fraud trends of the past 12 months, according to its publisher.
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PURCHASE, N.Y.—Mastercard has launched a tool it says will help financial institutions set up international payments for their customers and members, including consumers and SMEs, in more than 60 currencies to over 100 markets.
PALM COAST, Fla.–The latest review of credit unions seeking to merge finds nearly all are below $10 million in assets (just two are between $40-$100 million in assets), and again uncovers CUs unable to find new managers, saying they simply can’t afford new technology (two of the CUs don’t have websites) and, in one case, offering a pretty unique formula for how it determined net worth should not be returned to members.
ARLINGTON, Va.—The credit union industry’s net worth ratio is up nearly 50 basis points from a year ago, according to a new report that also shows how CECL is impacting bottom lines.
WASHINGTON–With a short week in Washington and the July 4 recess approaching, credit unions’ attention will primarily be on Capitol Hill hearings this week.
RANCHO CUCAMONGA, Calif. – Despite an improving economic outlook, credit union members have been holding tight to their wallets, according to new report from Co-op Solutions that shows payment transaction numbers have been relatively flat.
WASHINGTON–The Consumer Financial Protection Bureau (CFPB) has released its annual report on the top financial concerns facing military families, saying the report reflects the growth of digital payment app usage in the servicemember community, the unique risks to servicemembers from these services, and the potential abuse from bad actors.
HUNTSVILLE, Ala.––Redstone Federal Credit Union has agreed to pay $3.7 million to resolve claims that it charged unfair overdraft and nonsufficient funds (NSF) fees, according to TopClassActions.com.
WASHINGTON—A resolution of disapproval (S.J. Res. 32) against the Consumer Financial Protection Bureau’s rulemaking on Section 1071 of the Dodd-Frank Act that has been sponsored in the Senate sponsored by Sen. John Kennedy (R-LA) has gotten the support of CUNA.
CARSON CITY, Nev.–Greater Nevada Credit Union has named a new president and CEO.