HONG KONG—Hong Kong's banking regulator has fined four banks, including local units of Industrial and Commercial Bank of China and UBS, a combined US$5.67 million for breaches of anti-money laundering rules.
Fresh Today
WASHINGTON—The House has passed a version of the fiscal year 2022 National Defense Authorization Act (NDAA) as the negotiating continues over arriving at legislation that will also pass the Senate.
WASHINGTON—The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 0.8 points to 74.7 in November, as consumers expressed not only disparate views of homebuying and home-selling conditions but also their greatest economic pessimism in 10 years, Fannie Mae reported.
FT. LAUDERDALE, Calif.–There is new pressure on credit unions to provide benefits plans to senior executives as the Great Resignation remains the new reality in the employment landscape, according to a trio of experts.
FT. LAUDERDALE, Fla.–The promise, the payoff, the fears and even the futuristic—artificial intelligence-based CEOs, anyone?—aspects of AI were discussed by two credit union leaders here.
WASHINGTON—NAFCU has written to House Financial Services Committee Chairwoman Maxine Waters (D-CA) and Ranking Member Patrick McHenry (R-NC) to share its viewpoint ahead of a hearing on digital assets and the future of finance.
NEW YORK—American consumers are applying for credit cards at pre-pandemic rates, an increase that is broad-based across age and credit score groups, according to the New York Federal Reserve.
CHEYENNE, Wyo. – A group of Wyoming credit unions have come together to help fight hunger by paying off student lunch debt for all school districts in the state.
NEW YORK–The billions of dollars in government stimulus money paid out during the pandemic—funds that sent CU savings balances surging—are dwindling for many Americans and have been depleted by many others, according to a new analysis.
WASHINGTON—The Senate has confirmed Jessica Rosenworcel as chairwoman of the Federal Communications Commission (FCC) by a 68-31 vote.