LONDON—Seventy-three percent of U.K. consumers don’t know what a cryptocurrency is or are unable to define it, according to a new survey from the country’s financial watchdog, the Financial Conduct Authority (FCA).
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PURCHASE, N.Y.–Mastercard has entered into an agreement to acquire Transfast, a global cross-border account-to-account money transfer network.
SEATTLE–Weber Marketing Group is changing its name. The company, which provides financial services branding, data-driven strategy and analytics, is now called Strum.
CINCINNATI– The U.S. District Court for the Southern District of Ohio has dismissed a lawsuit against BMI Federal Credit Union that had alleged violations of the Americans with Disabilities Act (ADA).
ARLINGTON, Va.–NAFCU is urging the CFPB to delay its 2017 payday lending rule.
WASHINGTON—New home sales in January decreased 6.9% from December's upwardly revised 652,000 annualized units to 607,000 units in January, new data from the Census Bureau show.
MADISON, Wis.–The World Council of Credit Unions is calling on the Basel Committee on Banking Supervision to make the use of daily averages in leverage ratio disclosures optional for non-complex depository institutions, such as credit unions and other community-based mutual depository institutions, that follow standardized risk-based capital rules.
SAN FRANCISCO–Wells Fargo has been running national advertising announcing its seen the errors of its ways and been reborn, and its CEO just told Congress it has embarked on a fresh start. Its employees, however, say it ain’t so.
JACKSONVILLE, Fla. –Two credit unions have announced new CEOs.
WASHINGTON– The African-American Credit Union Coalition (AACUC), inducted three credit union leaders into its Hall of Fame in conjunction with CUNA’s GAC.