WASHINGTON—National economic activity expanded at a moderate pace from early April to late May, the latest Federal Reserve Beige Book shows, although it adds growth is at a somewhat faster rate than the prior reporting period.
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WASHINGTON–Moving forward, some 20% of work in the U.S. post-pandemic will be performed remotely, even as more than a third of employees say they want to continue to work from home, according to a new analysis.
WASHINGTON—NAFCU has joined with several other financial services industry trades in urging the Federal Reserve to offer an extension of the comment deadline for its proposal to make changes to Regulation II, which covers debit card interchange fees and network routing exclusivity.
WAYNESBORO, Va., — DuPont Community Credit Union here has signed a multi-year agreement for Lumin Digital's cloud-native platform for online and mobile digital banking solutions, the PSCU company announced.
CHICAGO–As more consumers continue to go online for banking and other financial transactions, from TransUnion has found fraudsters are ramping up their efforts in the financial services industry.
PLANO, Texas–Catalyst Corporate has launched a new product it said is specifically designed to help credit unions prepare for the adoption of new accounting requirement related to Current Expected Credit Loss, or CECL.
SANTE FE, N.M.–State Employees Credit Union has begun building a new headquarters.
SANTA ANA, Calif.– A man who previously trained others on compliance matters has been sentenced to 24 months in federal prison for not complying with a host of laws.
NEW DELHI, India—In a move that some analysts suggest foreshadows how new payment technology can disintermediate FIs, a move by the Reserve Bank of India allows a mobile wallet user, who has fulfilled all know-your-customer (KYC) norms, to send and receive money from different mobile wallets, including the likes of Paytm and PhonePe.
NEW YORK—Analytics is a powerful tool for regulation and can be used to prevent financial crime, a global report on data has stated.