SAN JOSE, Calif.— PayPal has reportedly paused work on its stablecoin offering amid increasing regulatory scrutiny of the cryptocurrency sector, a new report reveals.
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PURCHASE, N.Y.—Mastercard reported that it has added advanced analytics to its open banking platform delivered by its subsidiary, Finicity.
WASHINGTON–Credit unions may have strongly-held differences with the Consumer Financial Protection Bureau (CFPB), but any Supreme Court decision that would dismantle it would cause “chaos,” according to several people.
WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has published a new report analyzing the financial profiles of Buy Now, Pay Later borrowers.
WASHINGTON—Saying it is seeking to send “accurate facts” to Congress when it comes to credit unions, NAFCU has sent letters to Congress offering its perspective.
WASHINGTON—Representative Alex Mooney (R-WV) has reintroduced the Transparency in Consumer Financial Protection Bureau Cost-Benefit Analysis Act, which would require the CFPB to employ a more rigorous cost-benefit analysis to better weigh the costs of implementation and compliance with the benefits of a regulation, NAFCU reported.
MADISON, Wis.– The National Credit Union Foundation is reporting its new Impact Report shows it helped credit unions navigate the modern-day challenges of growing membership, managing risk, retaining talent and developing a mission-driven culture in 2022.
WASHINGTON– Details around how artificial intelligence and machine-learning are being applied to a handful of small, community-based financial institutions to determine the best approaches to consumer lending and risk management were shared with attendees at the Global Women’s Leadership Network luncheon here.
BALTIMORE– Securityplus FCU said it has merged in the tiny Mount Lebanon FCU, which had just $373,054 in assets and approximately 190 members.
LANSING, Mich.–The Michigan Credit Union League (MCUL) has announced the winners of its 2023 MCUL Awards and the Michigan Credit Union Foundation (MCUF) Awards.