Venmo Offering New Solution Allowing Kids 13-17 to Send, Receive Money 06/05/2023 07:54 pm NEW YORK—Venmo has introduced a new service that allows parents to open a Venmo account for their children between the ages of 13-17 to send and receive money via the app.
With Debt Ceiling Debate Now Over, NAFCU Says It’s Watching Some ‘Overarching’ Themes in Congress 06/05/2023 08:00 pm WASHINGTON–With the drama surrounding the federal debt ceiling now behind Congress and with a deal in place through the end of 2024, Congress is again turning its attention to other issues, including several “overarching” themes NAFCU said it will be watching.
Biggest Banks May be Required to Boost Capital by as Much as 20% 06/05/2023 08:00 pm WASHINGTON—The country’s largest banks may be required to boost their capital by as much as 20% if regulators get their way, according to a new report.
‘Extensive Web of Deception’ Alleged, As SEC Files Charges Against World’s Top Crypto Exchange 06/05/2023 07:59 pm WASHINGTON–The Securities and Exchange Commission has filed 13 charges against Binance, the world's top crypto exchange, as well as its billionaire co-founder and CEO, Changpeng Zhao.
U.S. Senate FCU Reports It Has Now Officially Cut All OD, NSF Fees 06/05/2023 07:57 pm WASHINGTON– U.S. Senate Federal Credit Union said it has now officially cut all of its overdraft and non-sufficient funds [NSF] fees.
Credit Unions Continue to Intro High-Rate CDs; First Entertainment Has 5% Offering 06/05/2023 07:58 pm HOLLYWOOD, Calif.–Credit unions continue to roll out high-rate savings certificates as they seek liquidity and deposits.
Filene To Host Two Webinars: Here’s What’s Planned 06/05/2023 07:59 pm MADISON, Wis.–Filene plans to host two webinars this month.
Not A Simple Story To Tell 06/06/2023 08:40 am ARVADA, Colo.—While the sale of a cannabis banking CUSO has not yet resulted in the anticipated big windfall for one credit union and will likely lead to losses for several years, the CU says the is still good for it and its members—but it will take time to prove that’s true.
‘Rumors Flying’ in DC That Credit Card Competition Act Will Return This Week 06/05/2023 08:06 pm WASHINGTON–“Rumors are flying” in Washington that this will be the week the credit union-opposed Credit Card Competition Act will make its reappearance in Congress, according to one person.
