WASHINGTON— Aug. 1 is the deadline for any credit union to submit feedback to the CFPB on usage of digital user accounts to access buy now, pay later (BNPL) loans.
Fresh Today
BOCA RATON, Fla. As the result of high interest rates, more banks reported unbooked losses over at least half of their capital equity at the end of Q1, according to a new analysis.
ONALASKA, Wis. –As part of CUToday.info’s ongoing pledge to provide ongoing coverage of drivers who keep crashing into credit union facilities, a branch of Altra FCU here has become the latest victim.
SUMMERLAND, B.C.—Summerland Credit Union here has become the latest credit union to report it has enrolled in the Banking Innovation Program offered by San Francisco-based Metal Blockchain.
SINGAPORE — Following its sixth and final Plenary under the Singaporean presidency, the Financial Action Task Force (FATF) has taken a number of actions.
CANBERRA, Australia—The crypto market in Australia has seen significant growth over the past few years in terms of ownership and adoption, according to a new report.
PURCHASE, N.Y.—Mastercard is reporting it has integrated Deposit Switch and Bill Pay Switch with the company’s Open Banking platform.
WASHINGTON–The U.S. economy added 206,000 jobs in June, marking another solid month for employment, while at the same time sending signals that may lead to Fed to consider reducing rates this year, according to analysts.
DUBLIN, Calif.–The online systems at Patelco Credit Union remain offline due to a ransomware attack, with the credit union now telling its 500,000 members it does not expect it will be able to restore service by this weekend.
NEW YORK—Nearly 80% of U.S. banking consumers ages 18 to 42 cited mobile banking apps as a channel where they became aware of an FI’s offerings, according to a new report.