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WAYNESBORO, Va., — DuPont Community Credit Union here has signed a multi-year agreement for Lumin Digital's cloud-native platform for online and mobile digital banking solutions, the PSCU company announced.

PLANO, Texas–Catalyst Corporate has launched a new product it said is specifically designed to help credit unions prepare for the adoption of new accounting requirement related to Current Expected Credit Loss, or CECL.

NEW YORK—Analytics is a powerful tool for regulation and can be used to prevent financial crime, a global report on data has stated.

NEW DELHI, India—In a move that some analysts suggest foreshadows how new payment technology can disintermediate FIs, a move by the Reserve Bank of India allows a mobile wallet user, who has fulfilled all know-your-customer (KYC) norms, to send and receive money from different mobile wallets, including the likes of Paytm and PhonePe.

MONROE, Ga. – The Peach State FCU C.A.R.E.S. Foundation announced a $60,000 pledge to the newly founded Walton County YMCA over the next five years. 

KALAMAZOO, Mich.—Credit union purchases of banks are not only getting larger, they are beginning to increasingly reach across state lines, according to one person who believes the moves are strengthening both credit unions and communities but who also concedes the acquisitions will likely only draw more fire from the banking industry.

MADISON, Wis.–More than 200 members of UW Credit Union have signed a letter objecting to a decision by the CU to move to a model of forced arbitration to resolve disputes.

WASHINGTON–Moving forward, some 20% of work in the U.S. post-pandemic will be performed remotely, even as more than a third of employees say they want to continue to work from home, according to a new analysis.

WASHINGTON—National economic activity expanded at a moderate pace from early April to late May, the latest Federal Reserve Beige Book shows, although it adds growth is at a somewhat faster rate than the prior reporting period.

CHARLOTTE, N.C.—One of the largest online banks in the U.S. is no longer charging overdraft fees.