Advanced search

NEWARK, N.J.—A former TD Bank assistant store manager was sentenced to 46 months in federal prison Wednesday for helping a money-laundering network move approximately $474 million through TD Bank accounts, according to the U.S. Department of Justice.

WASHINGTON– The Defense Credit Union Council Wednesday applauded the U.S. House of Representatives for passing three bills from the House Committee on Financial Services on July 14: H.R. 3074, the Common Cents Act; H.R. 6556, the Failing Bank Acquisition Fairness Act; and H.R. 1181, the Protecting Privacy in Purchases Act. H.R. 3074 and H.R. 6556 passed by voice vote, while H.R. 1181 passed by a vote of 221–201.

BELLEVUE, Ohio—At a time when many financial institutions are still struggling to bridge language gaps with staffing alone, one Ohio credit union found a relatively simple—and surprisingly affordable—way to turn every frontline employee into a multilingual communicator.

STANFORD, Calif.—Federal Reserve Vice Chair Philip Jefferson said the central bank is navigating an unusually complex mix of economic shocks—from higher energy prices and trade policy changes to the rapid emergence of artificial intelligence—that could complicate the path of monetary policy and, if inflation fails to ease, may warrant a reassessment of current interest-rate policy.

TAMPA--Debit and credit card spending accelerated to its fastest pace in nearly four years during June, led by purchases of goods and essential expenses, according to the latest Velera Payments Index, underscoring the resilience of consumer payments activity even as financial pressures persist.

WASHINGTON--Continuing its effort to identify and tackle the biggest challenges facing smaller credit unions, America's Credit Unions' Small Credit Union Advocacy Advisory Panel met Thursday to discuss additional priorities for the industry.