PONTIAC, Mich.–Michigan Legacy Credit Union is reporting it has seen a spike in online volume since the beginning of the coronavirus pandemic, and has also now introduced a new branch protype.
Fresh Today
NEW YORK–The former CEO of Citigroup has outlined how he believes a digital currency would ultimately lead to a more efficient, effective and inclusive financial system in the United States—but one problem is “holding the country back.”
PARIS—Despite decades of action, the world is struggling to make gains in the war against money laundering, according to the head of the agency responsible for setting global anti-money laundering standards.
NEW YORK—Restaurant traffic declined by 22% in March compared to the same month a year ago, a new report shows.
SHELTON, Wash.—A sophisticated international fraud scheme U.S. intelligence agencies fear could siphon hundreds of millions of dollars intended for the unemployed is impacting credit unions and, more specifically, their employees.
ARLINGTON, Va.—Credit union leaders’ confidence in the economy and their own future continued to slide in April, with NAFCU’s Credit Union Sentiment Index (CUSI) falling to its lowest point on record.
WASHINGTON—A round-up of some of the latest news related to the Paycheck Protection Program.
ATLANTA—Equifax has settled a lawsuit with financial institutions, most of which are credit unions, following its 2017 data breach that affected more than 147 million U.S. consumers.
WINSTON-SALEM, N.C.–Truist, the new name for a mega-bank formed by a merger that is being sued by Truliant FCU over its new name, said the credit union’s brand by itself “does not have commercial strength” and is “just one mark in a crowded field.”
ALEXANDRIA, Va.–Saying it is seeking to be a moreinclusive organization, NCUA has announced a new Culture, Diversity, and Inclusion Council.