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RANCHO CUCAMONGA, Calif.—Credit unions are not meeting the short- and long-term needs of consumers as well as are banks, according to a new study from Co-op Solutions that reveals CU members use more providers than do bank customers when it comes to addressing their financial requirements.

HARTFORD, Conn.–A bill that would require financial literacy education is moving through the Connecticut General Assembly with bipartisan support.

ST. PETERSBURG, Fla.–More than half of credit union leaders are less than enthused about providing cryptocurrency products to their members.

WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has proposed a rule it said is designed to implement a congressional mandate to establish consumer protections for residential Property Assessed Clean Energy loans, better known as PACE loans.

WASHINGTON—The Financial Crimes Enforcement Network has assessed a $1.5 million civil money penalty on South Dakota-chartered The Kingdom Trust Company for “willful violations” of the Bank Secrecy Act (BSA) and its implementing regulations, FinCEN reported.

ST. PAUL, Minn. – The Credit Union Financial Education Network (CUFEN) has announced updates to its reporting system it said will “better supply critical data to senior credit union leaders fighting for mandated financial education nationwide.”

ROCKVILLE CENTRE, N.Y.–Ocean Financial Federal Credit Union said it is pledging $500,000 over a five-year period to Molloy University with an aim of improving the financial literacy of Molloy students. The funding also includes sponsorship of a number of high-profile events at the university.