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MADISON, Wis.–One credit union that recently reduced its overdraft fee to just $5 says it’s time credit unions begin exiting the overdraft business­–and it offers an interesting cost offset many CUs may not have considered.

NEW YORK—Global fines for anti-money laundering (AML) and data privacy compliance breaches have fallen by nearly 50% year-on-year in the first half of 2021, but could bounce back quickly as financial crime continues, reported Info Security.

HOUSTON– AMOCO Federal Credit Union has selected Dolphin Debit to manage its 19 ATMs.

WASHINGTON—Credit union loans outstanding increased 0.8% in July, compared to a 1.0% increase in June of 2021 and a 0.7% increase in July of 2020, according to CUNA’s latest Monthly Credit Union Estimates.

LAKE MARY, Fla.– Addition Financial has opened its newest branch at Seminole State College’s Sanford/Lake Mary campus.

WASHINGTON–Following mark-up, the House Financial Services Committee has passed its piece of the multi-trillion budget reconciliation bill, including a $10-billion increase in the CDFI Fund aimed at increasing affordable housing in the country.