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WASHINGTON–The Federal Deposit Insurance Corporation (FDIC) and the Financial Crimes Enforcement Network (FinCEN) are highlighting three teams of experts in a “Tech Sprint” to help measure the effectiveness of digital identity proofing—the process used to collect, validate, and verify information about a person.

OXNARD, Calif.–CBC FCU has converted from a community charter to a multiple common bond charter, allowing for the addition of four underserved areas representing four-million people to its field of membership.

BEIJING—China's top anti-corruption agency has vowed to be vigilant toward virtual currency mining in order to achieve carbon neutrality.
Crypto mining is the process by which new units of digital currency are created and is highly power intensive.

WASHINGTON—It “might be time for regulators and law to have a conversation” to discuss how financial institutions can best provide actionable information to law enforcement while meeting their regulatory obligations, according to one person.

BRASILIA, Brazil–Cardholders in one country will want to do all they can to avoid carrying a balance. According to one new report, the average interest rate Brazilian credit card issuers charge on unpaid balances is a shocking 346.3%.

BROOKFIELD, Wis.–Fiserv said it has entered into an agreement with Finicity, a Mastercard company, to advance the future of open finance through secure data sharing.

MAULDIN, S.C.–– Carolina Foothills Federal Credit Union (CFFCU) has opened its sixth branch in the Upstate here. The “branch location was strategically chosen to serve a large portion of members already located in the area and expand the credit union’s reach in the Upstate, CFFCU said.

BOISE, Idaho--Amber Dolphin King recently joined Horizon Credit Union as regional vice president.

SAGINAW, Mich.—Jolt Credit Union has been named one of the 2022 Best of the Best award winners from Member XP, a member experience management software from CU Solutions Group