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WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has hit Capital One with a huge $390 million civil money penalty for engaging in both willful and negligent violations of the Bank Secrecy Act (BSA) and its implementing regulations.

RADCLIFF, Ky.–Abound Credit Union has introduced a promotion designed to encourage its more than 110,000 members and the community at large to support Kentucky restaurants by eating local from Jan.1-March 31.

EAST HARTFORD, Conn. – Employees of American Eagle Financial Credit Union (AEFCU) are supporting local efforts to combat the economic consequences of the ongoing pandemic by cashing in unused vacation time for donations to the Hartford Foundation for Public Giving’s COVID-19 Response Fund. 

NEW YORK—More than 200 partner companies to Simplex can now offer crypto debit cards to their customers, potentially enabling greater adoption of cryptocurrencies for retail transactions.

MEMPHIS, Tenn.–What can you and your credit union expect in 2021?

CAMBRIDGE, Mass.–Consumer behaviors and communication preferences have permanently shifted, and in 2021 brands will see a 40% increase in digital customer service, according to a new forecast from Forrester Research.

EL SEGUNDO, Calif.–Despite the economic uncertainty created by the pandemic, a majority of Americans say they’re happy with their financial institution even though most also say they could be getting better rates and lower fees, according to a new survey.