Consumers Express Fears Over Potential Limitations on Ability to Transfer Moneyle 07/02/2023 01:25 pm SAN FRANCISCO—A new study shows that consumers who use remittances fear a recession combined with inflation could limit their ability to transfer money this year.
CUES Honored With EXCEL Awards 07/02/2023 01:28 pm MADISON, Wis.— CUES was honored during the Association Media & Publishing Network’s EXCEL Awards gala, taking home awards in three categories.
Swedish Bank is Fined for AML Failures 07/02/2023 01:23 pm STOCKHOLM, Sweden—Swedbank has reached a final settlement with the U.S. Treasury's Office for Foreign Assets Control over issues related to preventing money laundering. The bank has agreed to pay 37 million Swedish kronor ($3.5 million) to settle the case.
You Have Until End of the Week To Apply for CDRLF Grants 07/02/2023 01:27 pm ALEXANDRIA, Va.—NCUA has extended the deadline to apply for Community Development Revolving Loan Fund (CDRLF) grants to July 7.
NAFCU Annual Conference Coverage: What 2 CUs Are Doing in Financial Wellness, And Why 07/04/2023 12:36 pm LONG BEACH, Calif.–Financial wellness is increasingly getting attention as a core focus for credit unions, and two CUs that are serious about it shared what they are doing, what they have learned and what they have planned.
New Study Shows Where Rent is Most Expensive, Least Expensive in U.S. 07/04/2023 01:34 pm ST. LOUIS–A new analysis shows in which U.S. cities it is most expensive and least expensive to rent based on the rent-to-income ratio.
FTC Files Amended Complaint Alleging Walmart Allows Scammers to Use Transfer Services 07/04/2023 01:34 pm CHICAGO—The Federal Trade Commission has filed an amended complaint “bolstering” the agency’s case thatWalmart allowed its money transfer services to be used by scammers, who “fleeced” consumers out of hundreds of millions of dollars.
New Study Projects Merchants’ Losses from Online Payments Fraud to Soar 07/04/2023 01:34 pm BASINGSTOKE, U.K. –A new study from Juniper Research is forecasting that merchant losses from online payment fraud will exceed $362 billion globally between 2023 to 2028, with losses of $91 billion alone in 2028.
Delay in Rollout of Canada’s Real-Time Payments System 07/04/2023 01:34 pm OTTOWA, Canada—Payments Canada is undertaking a second review of its upcoming real-time payments system, Real-Time Rail (RTR), further delaying its launch, according to a new report.
