It’s a Fact: IRS Plans Compliance Campaign Focused on FATCA 07/07/2019 05:30 pm WASHINGTON—Last week, the Acting Director of IRS of Field Operations for the LB&I Foreign Payments Practice announced the IRS will launch a compliance campaign this summer focused on foreign financial institutions (FFIs) that are not satisfying their reporting obligations under the Foreign Account Tax Compliance Act (FATCA).
CU to Be 1st With New Tech 06/30/2019 02:19 pm PHOENIX–Desert Financial Credit Union said it is now offering secure voice banking through Amazon’s Alexa platform, and that it will likely soon be the first CU to offer voice banking with Google Assistant.
Worldwide Foundation Reminds CUs to Consider Global Good Card 07/07/2019 05:30 pm MADISON, Wis.–The Worldwide Foundation, the international development and charitable arm of World Council of Credit Unions (WOCCU), is offering a reminder of an opportunity for credit unions to offer their members a credit card that funds financial inclusion programs in developing nations with every item they purchase.
No-Nepotism Policy? Why 1 CU Says No Way 06/30/2019 05:33 pm BERRIEN SPRINGS, Mich.—There’s nothing wrong with nepotism in hiring, according to one CU. In fact, it insists a credit union is doing itself a disservice by having a “no-nepotism” policy.
Universities Continue to Add Payment Functionality to Student ID Cards 07/07/2019 05:30 pm WASHINGTON—Colleges and universities continue to add banking functions, such as those of a debit or credit card, to student identification cards and charging students fees and interest for the use, a new report reveals.
Mississippi CU Association Announces Board Election Results 06/30/2019 04:36 pm JACKSON, Miss.–The Mississippi Credit Union Association re-elected four members to its board of directors.
Fintech’s New Option Offers Reward Points for Saving, Not Spending 07/07/2019 05:31 pm SAN FRANCISCO—Tally has launched an automated savings app that lets users earn rewards points for saving, as opposed to incentivizing spending like most rewards systems do.
OneAZ CU Expands Program Aimed at Boosting Local Economy 06/30/2019 04:36 pm PHOENIX–OneAZ Credit Union said it has expanded a program aimed at building Arizona’s economy with two new partnerships.
WOCCU to Conduct Assessment in Haiti 06/30/2019 04:38 pm PORT AU PRINCE, Haiti—The World Council of Credit Unions said it will assess the agricultural investment landscape in specific target zones in this country as part of a value chain assessment (VCA) being funded by USAID Haiti’s INVEST program.
Americans Support Cap on Card Rates, Unless… 07/07/2019 05:33 pm CHARLOTTE, N.C.–Eight-in-10 Americans say they support a recent proposal by two members of Congress to cap interest rates on credit cards. But that support drops when then asked about what might happen if a cap were put in place.
