Republican House Leaders Want CFPB to Clarify What a Digital Payments Rule Would Mean for Digital Asset Sector 02/11/2024 02:01 pm WASHINGTON—Republican House Financial Services leaders are urging the Consumer Financial Protection Bureau to clarify the implications of a proposed payments rule on the digital asset sector.
Security Concerns Among the Biggest Barriers Slowing Adoption of AI, Report Suggests 02/11/2024 02:02 pm NEW YORK—Are security concerns slowing some credit unions’ use of AI?
CFPB Negotiates $12 Million Settlement in Alleged Foreclosure Relief Scam 02/11/2024 02:02 pm WASHINGTON—The Consumer Financial Protection Bureau is reporting it has resolved an appeal in a long-running enforcement suit against an alleged foreclosure relief scam operation for $12 million in consumer redress and penalties.
America’s Credit Union Museum Dedicates Exhibit Hall to Former Chairman Gordon Simmons 02/11/2024 02:02 pm MANCHESTER, N.H.–America’s Credit Union Museum (ACUM) has dedicated its main exhibit hall in honor of Gordon A. Simmons, the former credit union CEO who chaired the museum board for more than a decade during its formative years.
90 Members Get Help With Card Balances, as KTVAECU Marks 90th Anniversary 02/11/2024 02:03 pm KNOXVILLE, Tenn.–Knoxville TVA Employees Credit Union is celebrating its 90th anniversary this week.
FinCEN Seeking Comment on Data Collection Related to BOI 02/11/2024 02:02 pm WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) is seeking comments on information to be collected from certain authorized recipients – including credit unions – when requesting access to beneficial ownership information (BOI).
CRCU Selects Retirement Services From TruStage, LPL Financial 02/12/2024 09:04 pm HOUSTON–– Community Resource Credit Union and its CUSO, CRCU Retirement and Investment Services, has selected TruStage and LPL Financial to provide it with investment and wealth management services.
Worldwide Foundation Grant Assists Ukrainian Farmers Finance New Equipment 02/12/2024 09:04 pm KYIV, Ukraine—The Worldwide Foundation for Credit Unions is reporting a $150,000 grant by its Ukrainian Credit Union Displacement Fund and facilitated by the USAID/World Council of Credit Unions (WOCCU) Credit for Agriculture Producers (CAP) Project has helped 464 Ukrainian credit union member farmers finance the purchase of new agricultural equipment.