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TYSONS, Va.– The PenFed Foundation has supported military families with a $50,000 grant to Our Military Kids, a charitable organization that provides activity grants to military children who have a parent that is either deployed with the National Guard or Reserve, or is a post-9/11 combat-injured service member. 

HARRISBURG, Pa.—Fifty-three jurisdictions, including the Pennsylvania Department of Banking and Securities and the SEC, have reached a $45-million settlement with Nexo Capital Inc.

DILLONVALE, Ohio–A review of 10 new merger disclosure forms filed with NCUA again finds CUs citing aging memberships, retiring leaders, and the inability to offer many services as reasons for seeking to combine. But the newest batch of CUs seeking to merge also shows a number posted year-end losses, and others planning merger-related payouts to both members and employees.

SACRAMENTO, Calif. – The California Department of Financial Protection and Innovation (DFPI) has proposed new regulations governing “disguised fintech credit,” and further released new data showing high costs for consumers who use earned wage advances and other fintech payday loans.

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) is being urged to ensure reporting companies are effectively answering questions required by the Corporate Transparency Act (CTA) and the beneficial ownership reporting requirements final rule.

SAN FRANCISCO—Western Union said it is focusing on the digital platforms that continue to revolutionize the remittances market.

SEOUL, South Korea—To combat money laundering schemes and recover funds associated with criminal activity, the South Korean Ministry of Justice announced plans to implement a crypto-tracking system