WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has issued highly anticipated guidance affecting reporting obligations for U.S. financial institutions in response to an inquiry by the Florida International Bankers Association (FIBA).
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DOVER, Ohio–More than 100 member accounts at Dover-Phila FCU have been drained of funds by crooks.
DOVER, Ohio—CUNA and the Ohio Credit Union League Tuesday filed an amicus brief in the U.S. District Court for the Northern District of Ohio defending a credit union hit with a lawsuit alleging violations of the Americans with Disabilities Act (ADA).
WICHITA, Kan.–Two Kansas credit unions have announced merger plans. The $805-million Credit Union of America said it has reached an agreement with the $36-million Central Kansas Credit Union.
GLENDALE, Calif.–Two credit unions have named new CEOs. The $928-million Los Angeles FCU has named Richard Lie as president/CEO. He had previously served as VP/CFO for 23 years at LAFCU, and succeeds John Dea.
PLANO, Texas–A CUSO here is citing more than 150 million examples of how it has been able to sustain vendor support for a mature service that remains critical to credit union business operations.
MADISON, Wis. — The World Council of Credit Unions has secured three world-renowned speakers for the 2018 World Credit Union Conference, July 15–18 July, in Singapore.
LAWRENCEVILLE, Ga.—A new white paper from Black Book shows lenders how to better analyze risk to drive growth with subprime and deep subprime borrowers.
CARPINTERIA, Calif.–Spending for goods and services goods and services generated by Visa, Mastercard, American Express, and Discover credit and debit payment cards issued in the United States amounted to $5.555 trillion in 2017, an increase of 7.9% over 2016, according to data released by The Nilson Report.
PURCHASE, N.Y.—One quarter (24%) of Europeans expect to start using “tap and go” contactless payments with a smartwatch, bracelet, keyring or other forms of wearable payments, according to new figures from Mastercard.