WASHINGTON– The American Association of Credit Union Leagues (AACUL) has elected its new Executive Board. League presidents reelected four incumbents plus one new league president to govern the association.
Fresh Today
DALEVILLE, Ala.–All In Credit Union has granted $450,000 to 26 different organizations, making it the largest grant year for the foundation.
NEW YORK—Last year, U.S. merchants paid a record $160 billion in processing fees to accept $10.6 trillion in card payments, according to the Nilson Report.
PERRYSVILLE, Ind.–Laurie Allen, a former employee of Vibrant Credit Union, has been sentenced to five years in prison and ordered to pay more than $510,000 in restitution after pleading guilty to theft.
WYOMISSING, Penn.— The Loan Service Center (TLSC), which is a unit of PSCU, said it has entered into a partnership with Millennium Capital and Recovery Corp., which provides asset repossession management solutions.
ST. JOHN’S, Newfoundland–The provincial government of Newfoundland and Labrador has entered into a partnership with credit unions on a two-year pilot program to help small business.
MANCHESTER, England—Great Britain’s finance minister, Jeremy Hunt, said the Bank of England would "probably need" to issue a digital currency, although the issue was still being discussed with the central bank.
LONDON—The United Kingdom’s Financial Conduct Authority (FCA) has issued a "final warning" to firms promoting cryptoassets to U.K. consumers, telling the companies to prepare for a “cryptoassets financial promotion regime.”
WASHINGTON–With credit unions, CUSOs and their vendors all investing in artificial intelligence (AI) and experimenting with the technology, President Biden has issued a sweeping AI executive order.
WASHINGTON–Although they are operating on an abbreviated schedule, both the House and the Senate are back in session this week, with the House also having finally filled its vacant Speaker slot.