SAN FRANCISCO—Wells Fargo is seeking to sell its private-label credit card and point-of-sale financing unit as part of an ongoing strategic review of its businesses.
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NAIROBI, Kenya—Prime Bank has partnered with London-based fintech SimbaPay to launch an instant international money transfer service via the bank’s digital platform PrimeMobi.
WASHINGTON—NCUA and the CFPB have joined with other federal administrative agencies in releasing their spring regulatory agendas.
ALEXANDRIA, Va.—With comments on NCUA’s proposed 2021 budget due today, the agency has announced its board meeting set for next week will be a rare two-day meeting.
BILLINGS, Mont.– Valley Credit Union has announced the retirement of CEO, Darla Card, and named a successor. Separately, Irene Oberbauer, the former CEO of San Diego County CU has died at 64.
MADISON, Wis.– The CU DEI Collective has announced the election of six new members to its inaugural governing body.
ARLINGTON, Va.—Total consumer credit rose 2.1% in October (seasonally-adjusted, annualized), up 0.3% versus a year ago.
ARLINGTON, Va.–The state of Texas has a “continuing need” for its Credit Union Department and it should be sustained for another 12 years, according to a report by the commission that advises the Lone Star State legislature on whether state agencies are effective and should remain in operation.
RICHMOND, Va.–Rick Pillow, president of the Virginia Credit Union League, has been recognized with the 2020 Eagle Award by the American Association of Credit Union Leagues (AACUL).
ST. LOUIS– Two people have been indicted here on charges related to alleged crimes against three credit unions. A federal grand jury here has indicted Wendell Bryant, 43, and Ciera Moreland, 34, on one count of bank fraud conspiracy and Bryant on one count of bank fraud.