ST. GEORGE, Grenada–A credit union in this small country is reporting it was knocked offline as the result of a cyberattack. It reported no funds were lost.
Fresh Today
LONDON—The United Kingdom’s Treasury has proposed changes to the country’s anti-money laundering framework, expanding the regime to capture a broader range of digital asset activities, including non-fungible token (NFT) issuance, according to a new report.
NEW YORK–Visa and MasterCard have agreed to a $30-billion settlement with U.S. merchants related to swipe fees. The settlement is to take place over five years.
COSTA MESA, Calif.–Digital wallets are now the fastest-growing payment method in the United States, with almost half (48%) of U.S. consumers indicating that they have used a digital wallet in the past 90 days, up 12 percentage points from 2023, according to J.D. Power data.
WASHINGTON — A new consumer survey released by the American Bankers Association has found “consumers are happy with their debit cards and think the government should leave the debit card payment system alone.”
NEW YORK—Elon Musk said his social media platform X could soon receive approval for a money transmitter license in New York, putting the platform a step closer to offering payment features.
WASHINGTON–Included in the $1.2-trillion package of spending bills passed by the Senate over the weekend were two items that were priorities for Congress—and one item much opposed by credit unions that was not included.
ALEXANDRIA, Va.–The National Credit Union Administration has released the March 2024 update of its Simplified CECL Tool.
BEL AIR, Md. and HUNT VALLEY, Md.–Two Maryland credit unions have announced plans to combine.
BURLINGTON, Vt.–The former manager of a branch of a credit union here has dodged jail time but has been ordered to pay more than $135,000 in restitution following a fraud conviction.