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ANNAPOLIS, Md.—Maryland has become the first state in the nation to pass a law aimed at stopping gift card draining scams.

NEW YORK—ModernFi, a provider of deposit management for financial institutions, said it has formed and received funding for ModernFi CUSO that has been launched to support and scale the first deposit network for credit unions.

WASHINGTON—Several regulatory agencies that oversee banks said they will hold a virtual public outreach meeting on Sept. 25, as part of a review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA).

YORKTOWN, Va. — Saying it is seeking to foster professional growth and personal development, 1st Advantage FCU has launched 1st Advantage University.

WASHINGTON—The Federal Reserve Bank of Cleveland said its FedTalk series will tackle instant-payment technologies during an August 21 panel discussion.

KANSAS CITY, Mo. — A man has been arrested here for allegedly robbing a credit union using what appeared to be a machete.

LAHAINA, Hawaii—One year after a wildfire destroyed 2,200 homes, killed more than 100 people and nearly entirely wiped away this historic town on Maui, credit unions here are offering an update on the support they have provided to date—and the enormous challenges that continue to lie ahead as the Lahaina community looks to rebuild.

MIRAMAR BEACH, Fla.–During its VISION Conference here, the League of Southeastern Credit Unions introduced an “Innovation Incubator,” which it described as a unique opportunity to showcase four cutting-edge companies offering innovative solutions to credit unions.