The death of Rep. Robert Matsui (D-CA) means credit unions have lost a "great friend," according to the California league. Matsui, 63, died of Myelodysplatic Syndrome, which weakens the immune system. "Robert Matsui was a dedicated public servant in the true sense of the word, and a man of great character," said CCUL President David Chatfield. "We will miss his presence in our nation's capital, and working with him there and in his Sacramento district." In July, Matsui addressed a delegation of more than 60 CU leaders from California and Nevada at Credit Union House in Washington, D.C., as part of a two-day League advocacy trip.
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Strong consumer spending and cross-border activity drove an 8% increase in Visa's total payments volume during the first quarter of the year, although Asia's economic recovery is taking longer than expected.
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Mastercard launches service to fight instant-payment fraud, EU may green-light Apple's NFC-access plan, and more.
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The top five banks and thrifts had combined assets of more than $13 trillion as of December 31, 2023.
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The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
April 23 -
Lawmakers including one of the original sponsors of the Corporate Transparency Act have filed an amicus brief in the appeal against an Alabama court ruling that the law is unconstitutional, which would throw into question Treasury's newly-established beneficial ownership structure.
April 23