PURCHASE, N.Y.— Mastercard said it is launching a new global Crypto Partner Program, bringing together more than 85 crypto-native firms, payments providers and financial institutions as the company looks to deepen its role in the next phase of digital-asset payments.
Fresh Today
EL PASO, Texas— GECU President and CEO Crystal Long has announced she will retire at the end of April after 15 years leading the credit union, saying the timing is right to position the institution for its “next chapter” and adding that a new leader will be named soon, according to a message posted on the credit union’s website.
MEXICO CITY, Mexico--Digital remittances from the U.S. to Mexico have overtaken cash for the first time, marking a significant shift in the world’s largest remittance corridor and underscoring how quickly cross-border payments are moving toward app-based and account-linked transfers, according to several news outlets.
TAMPA--Debit and credit card transactions and purchases strengthened in February, despite a backdrop of continued slow job growth, subdued consumer sentiment and rising global tensions, reported Velera, citing data from the March edition of the Velera Payments Index.
WASHINGTON— Senate Banking Committee Ranking Member Elizabeth Warren (D-MA) is escalating scrutiny of the auto-lending market, sending letters to the nation’s five largest auto lenders seeking detailed underwriting and pricing data tied to loans made to active-duty service members and veterans, amid concerns military borrowers are being charged higher rates while many vehicle loans remain outside key federal lending protections.
WASHINGTON— A top federal banking regulator has now formally joined the banking industry’s push to block Illinois’ controversial swipe-fee law, with the Office of the Comptroller of the Currency urging the Seventh Circuit to reverse a lower-court ruling that largely allowed the state’s Interchange Fee Prohibition Act (IFPA) to stand, according to Law360.
WASHINGTON— Federal Reserve officials meet this week facing a policy outlook suddenly complicated by the Iran conflict, which has disrupted roughly a fifth of global oil supply and raised the prospect of a difficult mix of slower growth and renewed inflation, according to Reuters.
WASHINGTON--In four proposals issued by the NCUA as part of its Deregulation Project, America’s Credit Unions filed comments offering support, the trade group reported.
NASHVILLE, Tenn.— Financial institutions are managing third-party risk with lean staffs, flat budgets and growing concern over vendor AI exposure, according to Ncontracts’ 2026 State of Third-Party Risk Management Survey, which found most programs are overseeing hundreds of vendors with just one or two full-time employees.
BOULDER, Colo.— The $3.5-billion Elevations Credit Union has named longtime executive Michael Calcote as its new president and CEO, elevating the veteran finance and risk leader after more than a decade with the credit union.