Ohio Legislation Allows CUs to Serve Businesses Selling Hemp, CBD Products 07/31/2019 08:07 pm COLUMBUS–Ohio Gov. Mike DeWine has signed into law legislation that will allow credit unions and other financial institutions to legally serve businesses that cultivate hemp and sell Cannabidiol (CBD) products when either of those compounds contain less than 0.3% of tetrahydrocannabinol (THC), the active ingredient in marijuana.’
2 Men Leap Over Counter, Spray Substance on Tellers, Escape With Cash 07/31/2019 08:07 pm LACKAWANNA, N.Y.–Two masked men leaped over the counter of a credit union here and sprayed two tellers with an unknown substance before making off with two duffel bags of cash, according to police and the FBI.
New England FCU Recognized by Readers 08/10/2019 12:00 pm WILLISTON, Vt.--For the eighth year in a row, New England Federal Credit Union (NEFCU) has won the Seven Days “DAYSIE” award for “Best Bank/Credit Union” in Vermont by the readers of Seven Days, Vermont’s weekly newspaper.
With Skimmer Attacks Hitting Community, DVFCU Donates Skimmer Locator Device to Police 07/31/2019 08:07 pm RIDGECREST, Calif.–After numerous skimmer attacks in this community, Desert Valleys FCU has donated a “BlueSleuth” Bluetooth Skimmer Locator to the Ridgecrest Police Department.
Ripple, MoneyGram Partnering on Cross-Border Payments 07/31/2019 08:07 pm SAN FRANCISCO—Ripple, a provider of blockchain for global payments, has entered into a strategic partnership with MoneyGram. MoneyGram is one of the world’s largest money transfer companies.
Blimey! Fintechs in U.K. See Record Investment 07/31/2019 08:07 pm LONDON—U.K. fintech startups have reached a record level of $2.9 billion of funding in the first half of this year across a total of 123 deals.
Wescom CU Makes Leadership Changes 07/31/2019 08:44 pm LOS ANGELES--Wescom Credit Union announced a series of changes and additions to its leadership bench.
U.K. Launches Three-Year Plan for Fighting Corruption, Economic Crimes; 3 Regional Bodies Join Fintech Network 08/10/2019 12:00 pm LONDON— The government of the United Kingdom has released a new three-year plan for combating corruption and economic crimes.
Bankers Allege CUs 'Parallel' S&Ls; Demand Congress Investigate 07/31/2019 08:58 pm WASHINGTON–Alleging credit unions are showing “troubling parallels” to the 1980s savings & loan crisis, state bankers associations in 50 states plus Puerto Rico have sent a joint letter to the Ways & Means committees of both the House and Senate demanding renewed oversight over credit unions, including hearings on whether the “tax- exempt credit union industry lives up to the ideals of its founding.”
Here’s What New CUES Report Shows for Employee, Exec Comp 07/31/2019 09:02 pm MADISON, Wis.—All credit union positions have seen compensation increases over the past year, but the increases seen in a new report are smaller than those of one year earlier, according to CUES.
