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PURCHASE, N.Y.—Mastercard and the Japanese technology group NEC are reportedly planning to launch a store checkout system using facial recognition, starting with trials next year in potential markets like Singapore, Indonesia and elsewhere in Asia.

WASHINGTON—A new analysis from the independent Congressional Research Service has found few benefits from the interchange legislation being backed by Sens. Roger Marshall (R-KS) and Dick Durbin (D-IL).

WASHINGTON–The credit union trade groups are calling an analysis by CNN that found Navy Federal Credit Union highly biased against Black mortgage borrowers “misleading” and further stating some of the conclusions in the analysis need to be corrected.

CANBERRA, Australia–This country’s banks and credit unions have collectively launched the “Scam-Safe Accord” as part of a major effort to battle financial scams. 

WASHINGTON–Every week CUNA has held a press call on Mondays with the credit union media. This week marked the trade association’s last such call.

RACINE, Wis.–Several more credit unions have announced year-end bonus dividends, loan interest rebates and more.

WASHINGTON–The House of Representatives is out of session this week, but the Senate is still meeting in Washington, where it is primarily focused on spending packages.

BINGHAMPTON, N.Y. –Visions Federal Credit Union hosted its second annual Veterans Expo at the Visions Veterans Memorial Arena. 

WASHINGTON–The Consumer Financial Protection Bureau (CFPB) has ordered U.S. Bank to pay nearly $21 million for keeping out-of-work consumers from accessing unemployment benefits at the height of the COVID-19 pandemic.