SPRINGFIELD, Ill.–Card issuers and card companies in this state are raising significant concerns around a new law in Illinois that is the first in the nation to ban banks and credit card companies from charging retailers an interchange fee on sales taxes and tips.
BROOKLYN, N.Y.—The Eastern District Court of New York has rejected the $30-billion settlement between merchants and Visa and Mastercard that would have capped the fees the two card companies charge merchants, otherwise known as swipe fees.
WASHINGTON—The FDIC and Federal Reserve have announced said a joint review of the July 2023 resolution plan submissions of the eight largest and most complex banks in the U.S. has identified weaknesses in the plans from Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase.
ORLANDO– The League of Southeastern Credit Unions (LSCU) has announced its 2024-25 board and leadership. The board officers were elected following the LSCU Annual Business Meeting.
TAMPA, Fla.— Suncoast Credit Union said it has entered into a partnership with ZooTampa at Lowry Park that offers benefits to its 1.2 million members, including a special buy one, get one (BOGO) offer on zoo tickets this summer.
NEW YORK– Glia, a provider of customer interaction technology, said it has entered into a partnership with CU*Answers to “unify member interactions within its digital banking platform.”
MADISON, Wis.–The World Council of Credit Unions (WOCCU) will host a webinar today for credit union operations professionals.
LITTLE ROCK, Ark.–A CUToday.info review of the latest merger disclosure forms NCUA requires be provided to members has found a growing number of credit unions offering related compensation packages for management—including one that is to last a decade—often in cases where there remains no distribution of net worth to members.
NEW YORK–Credit unions boosted second liens by more than $25 billion in the first quarter of 2024 vs. the same period in 2023, a new analysis shows.
ALEXANDRIA, Va. –The National Credit Union Administration has released the June 2024 update of its Simplified CECL Tool, as well as its new cybersecurity report.
