EVERETT, Mass.–Two Massachusetts credit unions have opted to form a larger mass. The $49-million Everett Credit Union said it will merge into the $250-million Members Plus CU in Medford in a deal expected to be finalized this year.
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AUSTIN, Texas–FirstClose, a provider of technology solutions for mortgage lenders, is reporting it has processed $7.1 billion in loans for its customers located in all 50 states since the beginning of 2017.
ARLINGTON, Texas–A member of Texas Trust Credit Union here is the grand prize winner of “Priceless Surprise” contest sponsored by Mastercard and Jack Henry & Associates. The prize is a trip for two to New York City.
NEW YORK—An underground crime network is showing the masses how to commit a specific form of credit card fraud via YouTube tutorials.
TOKYO—Softbank and Yahoo Japan have formed a new joint venture, PayPay, to launch a QR-based smartphone payment services in Japan by November.
WASHINGTON–While credit unions take measure of what the decision by the OCC to begin issuing special-purpose national bank charters to fintechs might mean to the marketplace, one analyst says there are plenty of questions to be answered on the fintech side, as well.
WASHINGTON—A new analysis released by The Pew Research Trusts suggests U.S. regulators could learn from their international counterparts to create a more coordinated approach to encouraging innovation and one that reduces regulatory ambiguity and protects consumers.
CALGARY, Alberta–Connect First Credit Union is continuing its expansion by adding another credit union as a locally branded division.
WASHINGTON—The Federal Trade Commission has charged a group of four auto dealers operating in Arizona and New Mexico, near the border of the Navajo Nation, with a range of illegal activities, including falsifying consumers’ income and down payment information on vehicle financing applications and misrepresenting important financial terms in vehicle advertisements.
AURORA, Ill.–A lawsuit against Aurora Policemen Credit Union alleging its website violated the Americans with Disabilities Act (ADA) has been dismissed by the U.S. District Court for the Northern District of Illinois.