NEW YORK–Nine credit unions have joined with ad-tech solutions provider Prizeout Corp. and Callahan & Associates to form a new CUSO designed to provide the CUs with access to proprietary ad technology that “will put more money in their members’ pockets,” in addition to providing participating CUs a program to support local merchants.
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ST. LOUIS– Together Credit Union said it is partnering with Major League Soccer’s St. Louis CITY SC on a new community-driven program called “Saves for Savings.”
RACINE, Wis.– Educators Credit Union has launched “Mind & Money,” a digital tool it said provides parents and guardians an easy way to pay allowance, assign chores, and teach financial lessons, with no monthly fees.
WASHINGTON—A new bill that would prohibit the use of a central bank digital currency (CBDC) has been introduced in the House by Rep. Tom Emmer (R-MN). Separately, NAFCU’s executive team held a meeting with NCUA’s vice chairman.
WASHINGTON—CUNA has written to Sens. Tim Scott (R-SC), Mike Crapo (R-ID) and Rep. Drew Ferguson (R-GA) in support of their Prohibiting IRS Financial Surveillance Act.
MADISON, Wis.–The Credit Union Executives Society (CUES) said it has launched a nationwide search for a new CEO following the death of John Pembroke in November 2022. The organization has retained Phoenix-based DDJ Myers to oversee the search.
BOCA RATON, Fla.–Benson Porter, the recently retired president and CEO of BECU and prior to that First Tech Credit Union has been named as an executive advisor to Black Dragon Capital.
WASHINGTON–The Consumer Financial Protection Bureau (CFPB) has taken action against a web of corporate entities operating under TMX Finance, broadly known as TitleMax, for violating the financial rights of military families and other consumers in providing auto title loans.
WASHINGTON—The Federal Trade Commission has launched a new Office of Technology it said is aimed at strengthening its ability to keep pace with technological challenges in the digital marketplace by supporting the agency’s law enforcement and policy work.
PURCHASE, N.Y.— Mastercard is partnering with the world’s largest crypto exchange, Binance, to launch a prepaid crypto card in Latin America.