National CU Foundation Releases 2017 Annual Impact Report 05/31/2018 07:33 pm MADISON, Wis.–The National Credit Union Foundation has released its 2017 annual Impact Report titled, “The Power of Your Giving.”
Spending on Visa Debit Continues to Outpace Spending on Credit Cards 05/20/2018 04:34 pm FOSTER CITY, Calif.—Thanks in large part to Millennials, spending on Visa debit cards continues to grow at a faster clip than on credit cards.
Automatic Savings Mobile App, Digit, Testing Debt Pay Down Feature 05/20/2018 04:34 pm SAN FRANCISCO—Digit, the developer of a popular automatic savings mobile app, said it is moving beyond its core business with a new feature enabling users to pay down credit card debt from their Digit account.
CU for Ironworkers Changes Name, Expands FOM Nationally 05/31/2018 07:33 pm SUMNER, Wash.–The $31-million Ironworkers USA FCU here has expanded its field of membership to include ironworkers across the U.S. using an associational charter.
Picture This: Instagram Now Testing A Payment Feature 05/20/2018 04:35 pm MENLO PARK, Calif.—Facebook-owned Instagram has started testing a payment feature within the app. This feature is currently limited to certain users.
Judge Calls Wells Fargo Settlement ‘Least-Worst Solution’ 05/31/2018 07:33 pm SAN FRANCISCO–Calling it the “least-worst solution,” a judge here has signed off on a $142-million class action settlement in a lawsuit over Wells Fargo’s fake account scandal that will net the average customer approximately $35.
In U.S., CUs Sorting Through Implications of Europe’s General Data Protection Regulation 05/31/2018 07:34 pm WASHINGTON—Credit unions in the U.S. continue to sort through the implications of the new General Data Protection Regulation (GDPR) from the European Union.
Bank Invests $6 Million In CU’s Branch in Low-Income Community 05/20/2018 05:10 pm PASADENA, Calif.–CIT Bank and its California branch division, One West Bank, have announced a $6-million investment in Self-Help FCU.
Time for ‘Fine Tuning’ Will Be Needed, Says Treasury Dept. Official 05/20/2018 05:11 pm WASHINGTON—A “period of fine tuning” should be expected for both financial institutions and regulators dealing with new customer verification obligations, the head of the Treasury Department’s anti-money laundering unit said last week.
