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LAS VEGAS–That there is a huge need to bank the legal cannabis industry is a recognized reality within credit unions. But inside that reality are numerous other realities credit unions serving that industry have had to confront, according to several people who are doing just that.

NEW YORK–As much as 15% of North American banks’ payments revenue — $88 billion — is likely to be displaced by the growth of digital payments and competition from non-banks, as payments become more instant, invisible and free, according to a new report from Accenture.

WASHINGTON–With the NCUA board having passed amendments its final rule on its FOM Chartering Manual, the question now is when federal credit unions might be able to take advantage of the expanded field of membership options.

LAS VEGAS–Groupthink is posing an increasingly larger threat to credit unions, according to one person.

NEW YORK–NCUA has been OK’d to amend its complaint to add a new plaintiff to attempt to establish standing and proceed with its lawsuit against Deutsche Bank National Trust Company (DBNTC), while the same court also ruled in part in favor DBNTC’s motion to dismiss, which limited the proceeding to NCUA’s breach of contract claims.

WASHINGTON–The Independent Community Bankers of America is taking its “Wake Up” campaign attacking the credit union tax exemption to the state level.

WASHINGTON–The House and the Senate are back in session this week, with several pieces of legislation and hearings having the attention of credit unions.

AUBURN HILLS, Mich.–Genisys Credit Union was presented the Outstanding Community Service Award at the annual Sunrise Pinnacle Awards Ceremony by the Rochester Regional Chamber of Commerce.

SAN FRANCISCO–Uber is rolling out a series of expanded financial services under the name “Uber Money” for its four-million drivers that includes a no-fee overdraft protection.

INDIANAPOLIS – Paul Marsh, President/CEO of Teachers Credit Union (TCU), is the Indiana Credit Union League’s 2019 recipient of the Professional Achievement Award. The presentation was made at the Chairman’s Awards Banquet at the JW Marriott Hotel on October 25 as part of a special event during the League’s statewide convention.