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LOS ANGELES – A man has agreed to plead guilty to breaking federal law by allowing his cryptocurrency-cash exchange company to help scammers and drug traffickers launder millions of dollars in criminal proceeds through his business, the U.S. Department of Justice announced

SAN FRANCISCO–The financial landscape continues to undergo a transformation driven by innovative fintechs, especially those doing work in artificial intelligence (AI)-driven personalization and the rapidly rising super apps, according to a new report from GlobalData.

SCOTTSDALE, Ariz.—With credit unions having worked diligently to overhaul point-of-sale delivery systems, one analyst says it’s now time to shift the focus to a different point.

HARAHAN, La.– Louisiana Credit Union League CEO Juan Fernandez Ceballos has announced a number of changes at the league, primarily in personnel, he said are aimed at improving the value proposition of the league.

WASHINGTON—A credit union supporter in Congress, Rep. Jennifer Wexton (D-VA) has announced she will not seek re-election in 2024.

SAN FRANCISCO—X, formerly known as Twitter until July of this year, is becoming a large player in the money transmitter business.

NEW YORK– Inclusiv is hosting a webinar today titled “Capital Conversations: Deposit Strategies and Resources to Support Impact Lending and Liquidity.” The webinar will begin at 1 p.m. E.T. and be co-hosted by Primary Financial.

WASHINGTON—With the Federal Reserve’s Open Market Committee set to conclude its two-day meeting today, most analysts are expecting it to stand pat and not raise rates. But with underlying inflation decelerating and signs that the labor market is cooling, the central question for economists remains whether the economy is headed for a soft landing or a mild recession, Fannie Mae reported.

WASHINGTON– Nearly two-thirds of likely voters support credit card swipe fee reform, according to a new survey released by the Merchants Payments Coalition, which is advocating for passage of the Credit Card Competition Act in Congress.