WASHINGTON—Jelena McWilliams, nominated by President Trump to head the FDIC, vowed last week to address the “hold-up” in issuance of special lending licenses, potentially paving the way for companies like Walmart and fintech firms to enter the banking sector.
WASHINGTON—As the two-year deadline approaches, help is proposed to meet upcoming anti-money laundering compliance requirements.
MT. PROSPECT, Ill.–Cummins Allison, a provider of coin, currency and check processing technology as well as ATMs, announced that Wescom Credit Union in Pasadena, Calif., has added self-service coin machines from Cummins Allison to all 22 of its branch locations.
WASHINGTON—Results have been announced for the two contested elections for the CUNA board of directors.
SCHAUMBURG, Ill.–Two more credit unions have announced year-end bonus dividends.
GRAND RAPIDS, Mich.–CU*Answers reported it has begun a project to help Appleton, Wis.-based Prospera Credit Union deploy new production and high availability backup servers that power its in-house CU*BASE core data processing system.
RIVERDALE, Utah–Two Utah credit unions have merged. The $191-million Altier Credit Union is merging into the $9.2-billion America First Credit Union.
LONDON–The Co-op Party here as well as this country’s credit unions are hailing a report from the London Assembly that calls for a more diverse and socially oriented banking system.
RICHMOND, Va.—A federal district court in Virginia Friday found that the plaintiff in a lawsuit related to website accessibility requirements under the Americans with Disabilities Act (ADA) did not have standing to sue the credit union.
SAN FRANCISCO—Consumer spending on mobile apps more than doubled to $86 billion in 2017 from two years earlier as smartphone and tablet users spent more time on their mobile devices, according to a new report.
