PLEASANTON, Calif.–Credit unions and financial institutions in this market are reporting what they are calling a “wave” of financial fraud in which criminals are paying victims to open accounts, then turn over the account information so they can commit fraud.
SEATTLE–Home prices continued to soar in May. According to Redfin, the average price of a home increased 6.8% to a median home price of $288,000.
WASHINGTON—During a recent meeting with Financial Accounting Standards Board (FASB) Member Hal Schroeder, NAFCU discussed credit unions' concerns with the “current expected credit loss” standard that FASB finalized in June 2016.
PURCHASE, N.Y.—With more than 65 million people around the world currently displaced from their homes due to political conflict and natural disasters, the result is a growing need to find better ways for refugees to achieve self-sufficiency and become economic engines in their host countries, says Mastercard.
NEW YORK–Bitcoin is the best-known of the crypto-currencies, even if remains a bit of a mystery to many in credit unions, and its price has hit record highs in 2017, including more than doubling in price since the start of the year. But Bitcoin is also on the verge of being knocked off as the dominant virtual currency globally.
NEW YORK—American Express has delivered a blow to Citigroup, winning exclusive rights to issue credit cards for Hilton Worldwide Holdings, ending an agreement in which the two issuers shared the business.
ST. PETERS, Mo.–A man who allegedly robbed a credit union here and then jumped into a river attempting to elude capture has been arrested.
SEATTLE–Amazon is reporting that its Amazon Lending subsidiary has now surpassed $3 billion in loans to small businesses since the program launched in 2011.
RALEIGH, N.C.–Coastal Credit Union here is reporting it has uncovered a number of surprises in doing research on its Millennial members.
DES MOINES, Iowa—To gain or maintain top-of-wallet position among credit card holders, issuers must reexamine their activation and engagement strategies to compete, according to TMG Financial Services.
