FATF Reports Just 10% of Jurisdictions Enforcing CFT, AML Standards 07/14/2022 07:36 pm WASHINGTON—The Financial Action Task Force (FATF) reported that 11 out of 98 responding jurisdictions have started enforcing its standards on combating the financing of terrorism (CFT) and anti-money laundering (AML).
…And Remain Sitting, as Survey Finds Many Young Consumers Prefer Digital Payments 07/14/2022 07:37 pm NEW YORK—In an announcement that will surprise few, if anyone, within credit unions, a new study has found young consumers are turning to mobile payment apps over traditional payment methods.
UCU Announces New Organizational Structure 07/14/2022 02:41 pm LOS ANGELES--UCU has announced a new organizational structure.
Defense CUs Get Update on Numerous Challenges During Meeting 07/14/2022 07:39 pm SAN ANTONIO–Credit unions serving members of the military were given an update on a broad range of issues during the Defense Credit Union Council’s Military Advocacy Committee (MAC) meeting.
Even Higher? Markets, Analysts Increasingly See a Full Percentage Point Rate Increase at Next Fed Meeting 07/14/2022 07:41 pm WASHINGTON–Many analysts have been forecasting a 75-basis-point increase in the Fed Funds rate when the Federal Open Markets Committee meets July 26-27, but now the markets are predicting it could be a full percentage point increase.
Two Billion-Dollar CUs in Pacific Northwest Looking to Cross State Lines and Merge 07/14/2022 07:41 pm LACEY, Wash.–Two billion-dollar-plus credit unions in the Pacific Northwest have announced plans to merge.
The Best Defense Against Predatory Lenders Outside Bases? Credit Unions, DCUC & CUNA Tell Congress 07/14/2022 07:40 pm WASHINGTON— Military credit unions are the best line of defense against predatory lenders located outside military bases, the Defense Credit Union Council (DCUC) and CUNA told the House Subcommittee on National Security.
Guadalupe Credit Union Expands Partnership With Co-op Solutions 07/14/2022 07:38 pm SANTA FE, N.M.–Guadalupe Credit Union is expanding its partnership with Co-op Solutions by adding Co-op In-House Credit processing with a goal of streamlining operations and offering better member service.
