ANNAPOLIS, Md. – The Accredited Standards Committee X9 Inc., a non-profit accredited by the American National Standards Institute that is seeking to develop standards for the financial services industry, said it has launched a project to create a “much-needed standardized glossary” of common terms and definitions used with Distributed Ledger Technology (DLT).
WASHINGTON—The prepaid card market is booming.
WASHINGTON—At the close of its two-day policy setting meeting, the Federal Open Market Committee (FOMC) announced no change in interest rates but said it will begin winding down its balance sheet next month.
ATLANTA–So many consumers have responded to the Equifax data breach with requests that a credit freeze be placed on their credit files that all three credit bureaus are having difficulty keeping up with demand.
BOSTON–Massachusetts Attorney General Maura Healey has become the first to file a lawsuit against credit reporting firm Equifax over a breach that exposed the personal data of as many as 143 million people, including three-million in Massachusetts.
WASHINGTON–The CFPB at one point had determined it could pursue a $10-billion penalty against Wells Fargo over its account-opening scandal, before finally settling on a much smaller amount, according to newly released documents.
WASHINGTON–The Consumer Financial Protection Bureau has acted against Top Notch Funding and two individuals associated with the company for lying in loan offerings to consumers who were awaiting payment from settlements in legal cases or from victim-compensation funds.
MOBILE, Ala.—The Alabama Credit Union Administration has issued a cease and desist order against New Horizons CU here.
WASHINGTON—The FBI reported more than 4,250 financial institutions were robbed last year. While robbers typically complete their heists during office hours, a recent trend of targeting credit unions at opening and closing time has emerged, CUNA reported.
SAN DIEGO–The San Diego City Council has accepted a $500,000 bid from San Diego County Credit Union for naming rights to Qualcomm Stadium here.
