LIMA, Peru—The USAID/World Council of Credit Unions (WOCCU) Economic Inclusion Project launched a new initiative during its semiannual meeting here with an aim of facilitating better coordination between the public and private sectors in the development of regulatory proposals, mechanisms and strategies that improve access to financial services and boost economic opportunities for Venezuelan migrants and refugees.
NEW YORK—Companies across the U.S. are heading toward a “refinancing cliff” that could cost them billions in the new era of high interest rates, setting up a "slowly unfolding crisis," according to one new analysis.
COCKBURN, Turks and Caicos–As part of a government-backed initiative to launch a credit union for residents of the islands, plans are moving forward to give each resident an account when the credit union opens.
PURCHASE, N.Y.— Mastercard has launched a peer-to-peer cryptocurrency credentials pilot program the company said is designed to simplify how users send and receive digital currencies.
DUBLIN, Calif.–The online banking system at Patelco Credit Union remains down, affecting more than 500,000 members, with the credit union now confirming it has been hit by a ransomware attack.
WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has published a new Supervisory Highlights report that shares the key findings from its recent examinations of auto and student loan servicing companies, debt collectors, and other financial services providers.
WASHINGTON–Some 97.4% of mortgages were current and performing at the end of Q1, up 0.2 percentage points from Dec. 31, 2023, but down four basis points from Q1one year earlier, according to new data from the Office of the Comptroller of the Currency (OCC).
RIDGECREST, Calif.–Two California credit unions have announced plans to merge.
SAN ANTONIO–Ken Raymie has exited as CEO of the $757.2-million Generations Federal Credit Union. CFO Rick Divina has been named the interim CEO.
CHANTILLY, Va.–Virginia-based Justice Federal Credit Union said it has expanded its footprint in Florida with the completion of its merger with Law Enforcement & Technology FCU, formerly known as United Police FCU in Miami.
