MILWAUKEE, Wis. –Corporate Central is reporting that despite an otherwise challenging past 18 months, it has continued its growth, and as of July 31 had welcomed 22 new member credit unions from nine different states.
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EDWARDSVILLE, Ill.–Two Illinois credit unions have completed a merger.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) said it will host a special virtual FinCEN Innovation Hours Program on Oct. 14 focusing on the “important role of digital identity to enhance financial services inclusion while supporting efforts to counter illicit activity that undermine the integrity and opportunity of the US financial system.”
LONDON—Money transfer startup WorldRemit Ltd. is seeking to raise cash at a valuation of about $5 billion ahead of a potential initial public offering, Bloomberg reported.
NEW YORK—Global fines for anti-money laundering (AML) and data privacy compliance breaches have fallen by nearly 50% year-on-year in the first half of 2021, but could bounce back quickly as financial crime continues, reported Info Security.
WASHINGTON—The federal government is warning companies of the potential for ransomware attacks this weekend.
WASHINGTON–Is the housing market in a bubble? It’s a question being posed to many economists, and now CUNA’s chief economist has also weighed in.
WASHINGTON—Leslie Payne, AVP of commercial lending at Affinity Credit Union, testified this week on behalf of NAFCU to discuss the experience of credit unions under the Paycheck Protection Program (PPP) loan forgiveness process.
WASHINGTON—Two recently launched programs by the Small Business Administration (SBA) should ease the Paycheck Protection Program (PPP) forgiveness process, CUNA stated in a letter to the House Small Business Committee.
WASHINGTON–The Independent Community Bankers of America (ICBA) told Congress that the Small Business Administration’s Paycheck Protection Program needs a simple, easy-to-use forgiveness process to ensure the program works as intended for small-business borrowers.