Iowa Credit Union, Bank Reps ‘Skirmish’ During Public Hearing 04/10/2018 07:58 pm DES MOINES, Iowa — During a 90-minute public hearing here on tax reform legislation before the Iowa legislature, representatives of banks and credit unions “skirmished over provisions that weren’t part of the proposal,” according to one report.
One Of World’s Largest Banks Intro’s International Money Transfer App 04/22/2018 04:14 pm LONDON—Santander Bank UK, one of the largest banks in the world, has launched an international money transfer app called OnePay FX, which uses Ripple’s distributed ledger technology.
CFA’s Stephen Brobeck To Retire; Successor Named 04/22/2018 04:14 pm WASHINGTON–Stephen Brobeck, the executive director of the Consumer Federation of America, said he will retire in June after 38 years of service.
The End Of The Signature? Signing For Card Purchases Set To Disappear; Many Can’t Remember Last Time They Signed Anything 04/10/2018 07:59 pm PURCHASE, N.Y.—Mastercard has announced that merchants in the U.S. and Canada can forego cardholder signatures for in-store credit and debit purchases, effective April 13. The announcement comes as the company also releases new research on consumer behavior around signatures in general.
Nation’s Big Banks Find A ‘Back Door’ Into Subprime Lending 04/22/2018 04:15 pm NEW YORK–The nation’s big banks have found a “back door” into making high-interest-rate subprime loans.
Applications Being Accepted To Serve On Fed’s Community Advisory Council 04/22/2018 04:15 pm WASHINGTON—The Federal Reserve Board announced that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council (CAC).
Tax Refunds Should Goose Decelerating Consumer Credit At CUs, Says NAFCU Economist 04/10/2018 07:59 pm ARLINGTON, Va.—While total consumer credit rose 3.3% in February, its growth decelerated for the third consecutive month.
Mastercard Makes Initial $100M Contribution To Center For Inclusive Growth Fund 04/22/2018 04:15 pm PURCHASE, N.Y.–Mastercard has made its initial $100-million contribution to the Center for Inclusive Growth Fund, part of a $500-million commitment to support initiatives that focus on long-term economic growth for everyone.
Fiserv Acquires Co-op Providing Services To Mexico’s CUs 04/22/2018 04:16 pm BROOKFIELD, Wis. – Fiserv announced that SISCOOP, a cooperative providing services to credit unions in Mexico, will enable 26 credit unions to offer digital banking services using Fiserv technology.
Teresa Freeborn Elected To CUNA Board 04/22/2018 04:16 pm WASHINGTON—Teresa Freeborn, president of Xceed Financial FCU in El Segundo, Calif., has been elected by acclamation as the District 6, Class B CUNA board of directors representative.
