NEW YORK—Following the release last week by the CFPB of new protocols aimed at facilitating open banking, a new analysis is offering some insights into what it’s going to mean for financial services, credit unions, members, consumers and more.
Fresh Today
WASHINGTON–In the weeks leading up to the release of data on how much the largest credit unions are generating from overdraft and NSF income, America’s Credit Unions expressed concerns over how it might be perceived and over a lack of context.
WASHINGTON—The way Fannie Mae and Freddie Mac define and enact polices related to first-generation homebuyers is concerning, a host of trade groups that includes stated America’s Credit Unions and the Housing Policy Council in a letter to the Federal Housing Finance Agency (FHFA).
WASHINGTON–A new report from the Financial Crimes Enforcement Network (FinCEN) has found more than 15% of active FBI investigations in fiscal year (FY) 2023 were linked to anti-money laundering tools such as currency transaction reports (CTRs) and suspicious activity reports (SARs).
WASHINGTON–What do you think about the potential uses, opportunities and risks when it comes to artificial intelligence in the financial services sector?
JACKSONVILLE, Fla.–Community First Credit Union has named a new president and CEO to succeed John Hirabayashi upon his retirement effective Aug. 31.
BOSTON–New records were set in May for rent delinquencies by small businesses during May, according to Alignable’s May Revenue & Rent Report.
MARLBOROUGH, Mass.–The Cooperative Credit Union Association has wrapped up its inaugural Fintech Connect event.
WASHINGTON–The Defense Credit Union Council (DCUC) has announced three people will be honored with induction into its DCUC Hall of Honor.
BENTONVILLE, Ark.—Capital One and Walmart are reporting they have ended the agreement that made Capital One the exclusive issuer of Walmart's consumer credit cards.