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WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has taken action against “repeat offender” Fifth Third Bank for what it alleged are a range of illegal activities that will result in the bank paying $20 million in penalties in addition to paying redress to approximately 35,000 harmed consumers, including about 1,000 who had their cars repossessed.

ST. PETERSBURG, Fla. – Velera said it has launched a credit union-focused partnership with 3DE by Junior Achievement that will operate under the “Credit Unions Nationwide,” With Velera as the lead sponsor for this case study, it has partnered with 14 credit unions in six U.S. cities – Atlanta; Tampa; Houston; Kansas City; Minneapolis; and Cedar Rapids, Iowa.

PHOENIX --  OneAZ Credit Union said it has signed on as a sponsor of the Center for the Credit Union of the Future as well as the Center for Leadership Strategy & Governance, two of Filene Research Institute’s Centers of Excellence.

CORALVILLE, Iowa –Dupaco Community Credit Union has opened its newest Learning Lab branch at 2530 Corridor Way, located just off Interstate 80 in Coralville. 

SEATTLE—A new program is being offered in this city that ties small financial rewards to reductions in or the elimination of substance abuse.

NEW YORK—Binance, the world’s largest cryptocurrency exchange, will once again allow its customers to purchase cryptocurrencies using Mastercard, according to a new report.

ALEXANDRIA, Va.–NCUA’s Office of Inspector General (OIG) has released a new report that examines the effectiveness of the agency’s scheduling of examination hours.

WASHINGTON—Treasury Under Secretary for Domestic Finance Nellie Liang will chair a public meeting today of the Financial Literacy and Education Commission (FLEC).

ALEXANDRIA, Va.—NCUA has extended the deadline for applying for 2024 Community Development Revolving Loan Fund grants to July 12.

WASHINGTON—The Federal Reserve has fined Silvergate Capital Corporation and Silvergate Bank $43 million for deficiencies in Silvergate's monitoring of transactions in compliance with anti-money laundering laws.