WASHINGTON–A new report from the Federal Reserve shows there were 109 fewer commercial banks at the end of 2022 compared with one year earlier.
Fresh Today
DUBUQUE, Iowa —It may be part of the credit union mythology, but Dupaco Credit Union is marking its 75th anniversary after literally beginning its life in a cigar box.
CINCINNATI–A bank here is facing a proposed class action suit over robocalls that used artificial or prerecorded messages to cell phones. The suit alleges the bank violated the Telephone Consumer Protection Act.
WASHINGTON–The CFPB and the European Commission have announced plans to start an “informal dialogue” across what they said will be a range of financial consumer protection issues.
WASHINGTON—Andrea Gacki has been named director of the Treasury Department’s Financial Crimes Enforcement Network (FinCEN).
WESTFIELD, N.J.–There appears to still be one topic that many “shy away from in fear of making people uncomfortable”: money, according to a new survey.
HONG KONG—Hong Kong and Shanghai Banking Corporation (HSBC) — the biggest bank in Hong Kong — has reportedly introduced its first local cryptocurrency services.
LONDON—Several banks are in advanced discussions with British law enforcement and government agencies to establish two “groundbreaking” pilot programs aimed at sharing intelligence on significant financial crimes such as money laundering and terrorism financing.
PURCHASE, N.Y.—Mastercard has filed a trademark application for a series of cryptocurrency and blockchain-based tools.
ALEXANDRIA, Va.—When the NCUA board meets Thursday it will address a final rule related to federal credit union bylaws and the agency’s 2023 mid-session budget.