New Reasons to Warn Members About an Old (But Increasing) Scam 05/07/2023 01:30 pm NEW YORK–Authorities are warning consumers that financial scams using text messages purporting to be from financial institutions continue to grow in number and sophistication.
No Plans To Change Course 05/07/2023 01:28 pm DALLAS—Following the collapse of several crypto platforms and the ensuing precipitous drop in consumer digital currency confidence, what’s the future for crypto at credit unions?
Bank Trade Group Applauds Decision to Issue Guidance to Nonbanks When it Comes to Risks 05/07/2023 01:30 pm WASHINGTON–A bank trade group is praising a decision requiring nonbank financial companies to better identify risks.
One CU's New Program 05/06/2023 12:04 pm ROCHESTER, N.Y.– Summit Federal Credit Union has introduced RoundUp Savings, which offers members an easy way to save while they spend using their Summit Visa debit card.
Bank Collapses Likely to Drive Greater Consolidation in Industry, New Report Suggests 05/07/2023 01:34 pm SAN FRANCISCO–The recent collapse of four banks and with other midsized banks potentially teetering on collapse will result in a new wave of bank consolidation, according to a new forecast from GlobalData.
Bankers Tell Congress CUs Don’t Want Banks on Military Base Because They ‘Fear the Competition’ 05/07/2023 01:34 pm WASHINGTON–In what has become an annual issue of disagreement between banks and credit unions, the American Bankers Association and two banking associations have asked leaders of the Senate and House Armed Services Committees to provide banks with the same access to banks as credit unions with rent exemptions for facilities located on military bases.
Mobile Money Services Globally Growing Faster Than Anticipated 05/07/2023 01:39 pm CAPE TOWN, Africa—Mobile money services are growing faster than anticipated worldwide, particularly in Africa, a new report reveals.
