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HELENA, Mont.–Twenty credit union professionals from eight credit unions across Montana have received their Certified Credit Union Financial Counselor (CCUFC) designation by completing the Enhanced Financial Counseling Certification Program (FiCEP) through Montana’s Credit Unions, the state’s trade association.

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) said it has taken another step to crack down on illicit finance and enhance corporate transparency by issuing a final rule that establishes the framework for access to and protection of beneficial ownership information (BOI).

BERN, Switzerland—The Swiss National Bank – together with five Swiss and one German commercial bank – have started a pilot project with a central bank digital currency for financial institutions on the regulated platform of SIX Digital Exchange (SDX).

PURCHASE, N.Y.—Mastercard and Oracle said they are partnering to automate B2B payments for enterprise customers.

SANTA ROSA, Calif. –Two credit union CEOs presented the UCSF Benioff Children’s Hospital here with a check for $331,000 on behalf of the Credit Unions for Kids Wine Auction held earlier this year.

MIAMI—Consumers added $30 billion in debt during the third quarter of 2023, which is 24% less than last year, according to WalletHub’s new Credit Card Debt Study.

WASHINGTON—The Federal Trade Commission announced it is extending the comment period on junk fees, which have been a focus under the Biden Administration.

TROY, Mich.—There is one type of feature above all others that is proving to be the “key” to standout customer engagement and customer satisfaction when it comes to mobile apps and websites, according to a new report from J.D. Power.

CHERNIVTSI, Ukraine—The Worldwide Foundation for Credit Unions’ (WFCU) $500,000 Resilience Initiative is reporting it allowed Ukrainian credit unions that partner with the USAID/World Council of Credit Unions’ Credit for Agriculture Producers (CAP) Project to disburse loans to 100 business owners seeking to restore or grow their operations amid Russia’s ongoing invasion.

ST. PETERSBURG, Fla.–Looking back on 2023, growth in spending on debit cards outpaced that of credit cards, according to the newest PSCU Payments Index.