ALEXANDRIA, Va.–At the same time Treasury has in its sights relationships between credit unions and money service businesses (MSBs), NCUA has announced it will be hosting a webinar on the subject. Titled “Remittances and Other Money Transfer Services,” it is scheduled for Wednesday, June 17, beginning at 2 p.m. Eastern.
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LITTLE ROCK, Ark.—Arkansas has become the latest state to permit prize-linked savings accounts.
WASHINGTON—With much speculation around the future of overdraft services and all its related income as the CFPB puts the product in its sights, CUNA is calling on the agency to move cautiously and recognize that many members have indicated they strongly support overdraft programs.
SAN FRANCISCO—A mobile payments platform, which allows guests to pay even before they get the check, is expanding among restaurants.
ARLINGTON, Va.—NAFCU Service Corp and MasterCard will host a webinar on “Loyalty Rewards and the Member Experience” on Tuesday June 16 from 2-3 p.m. ET.
WASHINGTON—Six financial services trade groups, including CUNA and NAFCU, have sent a letter to congressional leadership expressing “grave concern” over what the groups called an “onerous revenue provision” included in the Trade Preferences Extension Act (H.R. 1295). That bill passed the Senate on May 14.
KATY, Texas—First Service Credit Union has opened its first branch here as part of an ambitious goal over the next three years of growing by 47%.
HOUSTON—Curtis C. Collins, vice chairman of JSC FCU here, was recognized by the credit union for his 50 years of service as a volunteer.
DULUTH, Ga.—The $1-billion Georgia United Credit Union said it will absorb via merger Cartersville-based Etowah Valley FCU.
MOOSE JAW, Sask. – Police are crediting social media for helping to track down the alleged robber of a credit union branch here.