WASHINGTON—The Financial Action Task Force (FATF) has updated its list of jurisdictions with strategic anti-money laundering and combating the financing of terrorism (AML/CFT) deficiencies.
Fresh Today
GAINESVILLE, Fla.–The unprecedented COVID-19 outbreak and resulting shutdown and changes to big pieces of the U.S. economy is affecting credit unions in ways many might never have planned for.
WASHINGTON–Congress is getting closer to passing approximately $450 billion in funding, including another $350-billion to replenish the Paycheck Protection Program (PPP), while big banks have been lobbying Treasury to close loopholes they allege are leading to "class warfare."
ARLINGTON, Va.–While pleased to see the progress made on new funding for the Paycheck Protection Program, NAFCU said it continues to seek a funding carve-out for community based financial institutions and CDFIs.
WASHINGTON–Credit unions should begin watching for a new inflow of deposits—even if it’s just temporary—from members who are receiving paper checks from the federal government as part of the economic stimulus payments.
WASHINGTON–New data indicate the coronavirus pandemic appears to have created a split in the mortgage market: more borrowers are turning to refinances to save money each month, while potential homebuyers are quickly dropping out of the market.
ST. PETERSBURG, Fla.–The latest data analysis from PSCU shows how consumer spending continues to change and evolve during the coronavirus pandemic.
MIDLAND, Texas–Employees of Complex Community Credit Union here did everything from sewing to ironing to sanitizing to distributing masks to healthcare workers.
MARLBOROUGH, Mass.–Three credit unions in Massachusetts are providing assistance to first responders and care providers during the coronavirus pandemic.
MADISON, Wis.–The Filene Research Institute said it could never have imagined in February, when it was announcing the launch of its new Center of Excellence for Consumer Financial Lives in Transition, just how relevant the subject area would become as the coronavirus pandemic affects all portions of the economy.