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NEW YORK—American Express has become the first U.S. credit card company to get the green light to start building its own payments network in China.

NEW YORK—As merchant acquirers prepare for an expected landslide of holiday purchase transactions, they might notice more big-ticket spending will be originating this year from mobile devices, according to Comscore.

ERIE, Penn.–The “Frozen Assets” team from Erie FCU here plunged into a cold Lake Erie as part of a fundraiser.

VENTURA, Calif.–With the most recent of the devastating fires in California still burning but now all contained, credit unions in the affected areas continue to offer assistance as both the CUs and their members sort through the extensive damage and work to recover.

HERNDON, Va.–The NWFCU Foundation, the philanthropic arm of Northwest Federal Credit Union, celebrated #GivingTuesday with a week of giving back to the community and a $10,000 donation to Sterling Middle School in support of the school's AVID Program.

WASHINGTON—A nearly 300-page tax bill has been introduced in the new Congress that would affect Americans' retirement savings, numerous business tax breaks and even redesign the Internal Revenue Service–but it does not include any changes to a new tax on compensation for some credit union executives.

WATERLOO, Iowa–Veridian Credit Union celebrated Giving Tuesday with $34,000 in donations to 12 organizations across Iowa and eastern Nebraska

SALT LAKE CITY– Entertainer Marie Osmond and comedian Bill Engvall have agreed to do a free video touting credit unions’ involvement in the current Credit  Unions for Kids Vote for Miracles campaign.

ALEXANDRIA, Va.—NCUA is reminding that when it comes to field of membership expansion requests by credit unions a “community application based on the narrative approach must include evidence that clearly supports that the proposed area qualifies as a well-defined local community.”

PURCHASE, N.Y.—Total retail sales—excluding autos—will swell 5% this holiday season, with e-commerce sales jumping 20% over the same period last year, according to the latest Mastercard Spending Pulse report.