WASHINGTON—The Defense Credit Union Council is urging federal officials to ease compliance burdens and clear regulatory roadblocks, sending a letter to FinCEN that backs the agency’s renewal of Bank Secrecy Act information-sharing requirements.
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HOUSTON--The $4.9-billion Texas Dow Employees Credit Union has become the newest member of the Defense Credit Union Council, DCUC announced.
ST. PETERSBURG, Fla.--Velera is adding over 2,500 ATMs at select Speedway locations, expanding its surcharge-free Co-op ATM Network to more than 37,000 machines nationwide, the CUSO announced.
WASHINGTON — Senate Democrats led by Banking Committee ranking member Elizabeth Warren (D-MA) are pressing credit unions to reassess their overdraft practices, American Banker reported.
WASHINGTON--With NCUA Chairman Kyle Hauptman set to testify before the House Financial Services Committee Tuesday, America’s Credit Unions Senior Vice President of Advocacy Greg Mesack outlined several credit union priorities in a letter sent for the hearing’s record.
RANCHO MIRAGE, Calif.--The American Association of Credit Union Leagues (AACUL) and America’s Credit Unions (ACU) Monday jointly announced the return of Scott Simpson, ACU’s new president/CEO and former president of three state leagues, to the AACUL board.
WASHINGTON—The Defense Credit Union Council Monday sent a letter to House Financial Services Committee leaders ahead of Tuesday’s hearing, “Oversight of Prudential Regulators,” thanking the Committee for its attention to issues vital to America’s credit unions and the millions of members they serve.
WASHINGTON—Financial institutions—and especially money services businesses (MSBs)—are being urged to heighten scrutiny of cross-border transactions after the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a new advisory warning of efforts by illegal aliens in the United States to move illicitly obtained funds through the financial system.
NEW YORK—New data from PYMNTS Intelligence shows U.S. consumers pulled back on Black Friday in significant ways, delivering softer in-store traffic and a more restrained approach to holiday spending despite historically aggressive promotions.
RALEIGH, N.C.—Following substantial backlash and growing frustration from former Local Government FCU members after their June 2 merger into Civic FCU, the $3.5-billion CFCU is now experiencing the financial fallout—posting $75 million in losses over the first nine months of the year and seeing a sharp rise in loan delinquencies, Business North Carolina reported.