Int’l FIs Get Go-Ahead for Certain Money Transfers to Afghanistan 02/15/2022 07:35 pm WASHINGTON—International financial institutions have received the go-ahead from the U.S. Treasury Department to allow money transfers to Afghanistan for humanitarian purposes, including an OK for aid groups to pay teachers and healthcare workers at state-run institutions without issue.
WOCCU Seeking Nominations For Its Digital Growth Award 02/15/2022 07:37 pm MADISON, Wis.–The World Council of Credit Unions is encouraging its member associations and credit unions to apply for its 2022 Digital Growth Award, which will recognize one or more member credit union associations or individual member credit unions for successfully working toward its Challenge 2025 goal of “expanding digital transformation across the globe.”
CFPB Says It’s Taking Action Against Prepaid Card Providers Over Government Benefits 02/15/2022 07:36 pm WASHINGTON–The Consumer Financial Protection Bureau said it is taking action to halt prepaid card providers illegally siphoning money away from Americans through exclusive government benefit contracts.
PenFed Kicks Off New Marketing Campaign Emphasizing It’s Also Open to Civilians 02/15/2022 07:26 pm TYSONS, Va.–PenFed Credit Union has kicked off a new integrated marketing campaign, including an ad that aired in the Washington region during the Super Bowl.
BlockFi Lending In $100M Settlement With SEC Over Loan Products 02/15/2022 07:35 pm WASHINGTON–The Securities and Exchange Commission has reached a $100 million settlement with BlockFi Lending over registration failures. The settlement comes after the SEC warned in late 2021 that it would be taking action against cryptocurrency firms offering loan products that failed to register them as securities or to register themselves as investment companies.
Consumer Credit Union Finalizes Investment in Mortgage CUSO 02/15/2022 07:37 pm GREENVILLE, Tenn.–Consumer Credit Union said it has finalized an investment in CU Community, LLC, dba 7 Mortgage, a Knoxville-based CUSO.
