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NEW YORK—Chase has added a brand-new business card to its Ink lineup.

WASHINGTON—CUNA said it supports a proposed accounting standards update from the Financial Accounting Standards Board (FASB) that would eliminate Troubled Debt Restructuring (TDR) accounting requirements for those entities that have adopted the current expected credit loss (CECL) standard.

NEWARK, N.J.—A California man has pleaded guilty to running a $50 million fraud scheme using fake websites that advertised high returns on certificates of deposit.

BROKEN ARROW, Okla.–Western Sun FCU has named a new CEO and also announced a year-end bonus dividend.

WASHINGTON—Members of the Senate Banking Committee discussed during a hearing how Community Development Financial Institutions (CDFIs) can better support underserved communities. Much of the discussion was around strengthening CDFIs in addition to call Congress to work together to address regulatory changes that will benefit the institutions.

PLANO, Texas—SWBC will host a free, one-hour webinar Jan. 19 that it said will review last year’s economy and look ahead to what CUs can expect in 2022.

PURCHASE, N.Y.—McDonald’s said it’s selling a tech company it acquired roughly three years ago to Mastercard for an undisclosed amount.

SAN DIEGO–Credit union core data processor Corelation has named a new president. The company announced that Theresa Benavidez has turned over her responsibilities as company president to Rob Landis, who had been serving as the company’s COO.

MADISON, Wis.–CUNA has named the winners of its ELLy Awards, which honortop training professionals at credit unions. The awards were announced during the CUNA Experience Learning Live! conference.

CHICAGO–The globe’s best financial institutions when it comes to “outside-the-box thinking in breakthrough technologies, state-of-the-art design and implementation, that drive efficiency and enterprise profitability” have been announced.