BOSTON–Credit unions were given an update on the work being done by the Worldwide Foundation for Credit Unions.
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ALEXANDRIA, Va. –NCUA said it is now accepting comments on a joint rulemaking related to incentive-based compensation that was approved by the NCUA Board at its July meeting.
WASHINGTON–The Defense Credit Union Council is reporting it has learned of a proposed amendment to the National Defense Authorization Act that would continue to exclude credit unions from the statutory definition of a “Community Financial Institution” from the Federal Home Loan Bank Act.
MADISON, Wis.–TruStage has announced that Clutch will begin utilizing its integrated dynamic content capability for payment protection products.
NAPERVILLE, Ill.–The Illinois Credit Union League (ICUL) has announced the recipients of its 2024 awards program.
SIOUX FALLS, S.D.–The Dakota Credit Union Foundation has made a $50,000 donation to Sanford Children’s Hospital that honors the infant child of a CU employee who passed away.
MARLBOROUGH, Mass.–The Cooperative Credit Union Association (CCUA) is reporting it has reached a significant milestone, as its Small Credit Union Grant Program has surpassed the $50,000 mark in allocated funding.
WASHINGTON—The Federal Reserve has fined Green Dot $44 million for consumer compliance breakdowns, including numerous unfair and deceptive practices and a deficient consumer compliance risk management program.
NEW YORK—Senior U.S. law enforcement officials are alleging that drug traffickers prefer to launder money through Citigroup due to the belief that it has less robust fraud controls, according to a new report.
NEW YORK–Credit union leaders already know they need to begin investigating and deploying artificial intelligence (AI) and those that are doing so often begin in general ways. But a new report is offering some updated insights into the specific ways AI is most likely to begin playing out over the next five years.