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WASHINGTON—The Beneficial Ownership Information (BOI) database established under the Corporate Transparency Act (CTA) should provide significant and important relief for credit unions from the Financial Crimes Enforcement Network’s (FinCEN) customer due diligence (CDD) requirements, America’s Credit Unions wrote.

WASHINGTON–Federal Reserve Chairman Jerome Powell said the strength of the economy is giving the central bank flexibility to be patient when it comes to cutting rates.

AUSTIN, Texas– A new study offers some updated insights into the borrowing habits and credit outlook for Millennials and Gen Zers.

ALEXANDRIA, Va.—In the wake of a law in California that requires disclosures of data on income from overdrafts and NSFs at state-chartered CUs, America’s Credit Unions said it is “actively engaging” with NCUA on its call report changes that would require similar disclosures from certain credit unions.

NEW YORK—Americans paid nearly 50% more in credit card expenses last year than they were five years ago.

LANSING, Mich. — The Michigan Credit Union League (MCUL) said it has entered into a partnership with WithClutch, a fintech platform that is designed to help consumers to refinance high-interest consumer loans through an easy and digital process.

ROME, N.Y.–With 12 of its branches to be in the “path of totality” during April 8’s solar eclipse, AmeriCU Credit Union has announced a number of related social media giveaways, financial center celebrations, loan discount offers, and new “totality” awesome checking accounts.

SAN FRANCISCO—MoneyGram reported it is now partnering with open banking platform Trustly to introduce cardless payment options throughout Europe.

BRUSSELS, Belgium—The European Union has struck an agreement to beef up provisions to tackle money laundering in the bloc, including in cryptocurrency.