SANTA FE, N.M. - (10/15/04) -- A top Treasury official met Thursdaywith members and staff at Guadalupe CU here to witness theinternational remittance process in action. One member of thecredit union, the first in New Mexico to offer the IRnet service,explained to Treasury Assistant Secretary for International AffairsRandy Quarles that he sends money home each week through the creditunion to family members living in a small town near Mexico City.Guadalupe is one of nearly 200 credit unions in the U.S. using theWorld Council of CU's IRnet international money transfer network.Guadalupe CU charges members $10 to send up to $1,000, andnonmembers a slightly higher fee.
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Judge Mark T. Pittman sided with the Consumer Financial Protection Bureau in ordering the case be moved from Texas to the District of Columbia due to "forum shopping."
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Synovus Financial demonstrated at an industry conference how it is using Microsoft's Copilot to help its staff address customers' concerns.
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Mariya Rosberg is named Americas head of banking and financial services at Marsh McLennan's Oliver Wyman unit; startup ZayZoon raised $15 million in a new funding round; and more in the weekly banking news roundup.
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Once a prominent figure spurring financial institutions to engage in cryptocurrency, Bankman-Fried's downslide began with the collapse of the digital asset exchange FTX in late 2022 and hit rock bottom with his sentencing to 25 years in prison.
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