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NEW YORK—As small businesses struggle to stay afloat during the pandemic, American Express said it is offering another option to help them manage their money.

SYDNEY, Australia.—The Australian arm of a global bank is the latest financial institution to be fined for breaching anti-money laundering laws.

WASHINGTON—The Consumer Financial Protection Bureau said it is extending the comment period on its notice of proposed rulemaking (NPRM) to create a new category of seasoned qualified mortgages (Seasoned QMs) by three days, from Sept. 28, 2020, to Oct. 1, in order to accommodate for the Yom Kippur Jewish holiday.

MEMPHIS, Tenn.–A new survey of the “forward focus” of bank and credit union executives finds, not surprisingly, an emphasis on expanding digital channels, while also revealing trends that should be understood when CUs negotiate agreements with payments vendors over the next 12 months, according to the analysis.

LAKE FOREST, Ill.—Credit unions are ramping up their investments in technology personnel while they are reducing their focus on executives whose expertise is risk, according to a new study that reveals how the “secret sauce” at banks and CUs differs.

WASHINGTON—The Consumer Financial Protection Bureau has issued a consent order against ClearPath Lending, a California corporation licensed as a mortgage broker or lender in about 22 states. 

MADISON, Wis. – The Filene Research Institute is inviting people to participate in two leadership development opportunities it said are designed for emerging and experienced leaders: The Cooperative Trust and Filene i3 communities. 

CARDIFF, Wales–The Welsh government said it will provide as much as £1 million in funding to be invested in credit unions to ensure they can provide access to fair and affordable credit for people affected by the coronavirus pandemic.

PORTLAND, Ore. — Oregonians Credit Union has pledged to match donations up to $15,000 made to its American Red Cross Cascades Region fundraiser for Oregon wildfire disaster relief. 

RICHMOND, Va.–Call Federal Credit Union has launched a “Money & Beyond Portal” and in conjunction with the new offering gave away $10,000 to help winning members pay down debts.