CHICAGO—Aeropay, a provider of pay-by-bank solutions for businesses that began with cannabis retailers and gaming companies, reported it is now expanding into Visa’s and Mastercard’s territory by innovating the payment networks.
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BRUSSELS, Belgium—Swift reported it is working on two AI-based experiments in collaboration with its member banks it said is designed to explore how the technology could assist in combatting cross-border payments fraud and save the industry billions in fraud-related costs.
ORLANDO, Fla.–In a case over card “swipe fees,” the Supreme Court has issued another decision that makes it easier to challenge federal regulations, ruling the six-year statute of limitations clock under the Administrative Procedures Act does not start ticking until a plaintiff is adversely affected by the regulation.
STEVENSON, Wash.–During remarks to a meeting of bankers here, Federal Reserve Gov. Michelle Bowman suggested that credit unions could be the beneficiaries of increased regulatory scrutiny of bank mergers should credit union acquisitions of banks not be held to the same level of review as traditional bank combinations.
JACKSON, Miss.–The president of the Mississippi Bankers Association has authored an op-ed that has appeared in multiple news publications in the state that argues that not only do credit unions not pay taxes, they are using the tax savings to buy banks and hurting local communities in the process.
WASHINGTON—Credit unions consistently serve a higher share of households living from paycheck to paycheck than banks, according to America’s Credit Unions head of emerging issues and deputy chief economist, Curt Long.
NILES, Ohio –717 Credit Union will host Financial Wellness Night at the Ballpark during a Mahoning Valley Scrappers game on July 18 at Eastwood Field.
TYSONS, Va. — The PenFed Foundation has announced the June 2024 cohort for its Veteran Entrepreneur Program. For the first time, the accelerator program for veteran-owned businesses is taking place in Bentonville, Ark., the foundation said.
LOWELL, Mass. – Credit unions in two states have named new leadership.
ALEXANDRIA, Va.—NCUA has issued one consent and two prohibition notices in June.