Advanced search

MILWAUKEE—At a time when the credit union industry continues to wrestle with consolidation, aging memberships and questions about how many new cooperatives can realistically still be launched from scratch, Corporate Central has quietly taken a step that executives there believe could help seed the next generation of credit unions before they even officially exist.

WASHINGTON—The Federal Reserve has moved closer to opening its payment infrastructure to financial technology and crypto firms, advancing a proposal for a new type of limited “payment account” that would allow eligible nontraditional financial institutions to directly access certain Fed payment rails without receiving the full privileges available to banks, Reuters reported.

BUFFALO, N.Y.—Federal prosecutors in New York have charged six people in what authorities allege was a nationwide fraud scheme that stole more than $1.3 million from banks and credit unions using stolen federal tax refund checks and fake identification documents.

SHANGHAI—JPMorgan Chase CEO Jamie Dimon said the bank expects artificial intelligence to reshape its workforce over time, potentially leading the company to hire more AI specialists and fewer traditional bankers in some roles, according to reporting by PYMNTS.

WASHINGTON--Tuesday’s primaries across six states saw nearly every credit union-backed candidate prevail, America's Credit Unions reported.

WASHINGTON--Modernizing and improving the efficacy of the Bank Secrecy Act (BSA) and other laws would enhance consumer safety while providing needed regulatory relief for consumers America’s Credit Unions told Congress.

WASHINGTON—The House Wednesday overwhelmingly approved the bipartisan 21st Century ROAD to Housing Act in a 396-13 vote, advancing a sweeping package aimed at boosting housing supply, easing regulatory barriers to development and expanding community bank participation in housing finance after the White House signaled support for the measure.