WASHINGTON—The World Council of Credit Unions has sent a comment letter to the Financial Action Task Force urging the FATF to set clearer rules for when U.S. CUs are able to serve money service businesses (MSBs).
Fresh Today
LOMBARD, Ill.—Consumers in the market for new credit cards this holiday season are most likely to apply for cards with features such as 0% introductory rates, cash-back rewards programs, ID theft protection, no annual fees and low standard interest rates, a new report reveals.
NEW YORK—Consumer credit defaults ticked up slightly in October over September, according to a new report.
VENTURA, Calif.—Ventura County Credit Union has been recognized by MemberShoppers, a mystery shopping program for credit unions, as one of the highest performers in member service for its third quarter.
WASHINGTON–The Community Development Financial Institutions Fund (CDFI Fund) has named the Association for Enterprise Opportunity (AEO) as the winner of its 2015 Innovation Challenge.
ST. PETERSBURG, Fla.–PSCU reported that the first two of its member credit unions have been approved for Samsung Pay.
TALLAHASSEE, Fla., and BIRMINGHAM, Ala.–An ad created by the League of Southeastern Credit Unions & Affiliates has now had more than one-million views on YouTube.
RIVERDALE, Utah—America First Credit Union is inviting members to skip a payment during the holidays and in the process provide shoes to children in need.
MADISON, Wis.—With the so-called “Sharing Economy” growing in preference and popularity, why haven’t credit unions been duly recognized as pioneers on this front?
HIGHLAND, Ill.–Theodore J. Longust, 50, a former employee of Scott Credit Union, has been charged with nine counts, including fraud, misapplication of funds, money laundering and making false records with intent to deceive.