WASHINGTON - (01/02/06) The World Council of Credit Unions(WOCCU) has been awarded a $1.5-million grant by the U.S. Agencyfor International Development (USAID) to continue its worksupporting Mexico's microenterprises and entrepreneurs via betteraccess to high-quality financial services. The grant will extend bytwo years a program WOCCU has in place with Caja Popular Mexicana,Mexico's largest savings and credit cooperative, in which WOCCU isproviding technical assistance and training. The World Council hasbeen credited with helping Caja Popular Mexicana to bring anadditional 500,000 Mexicans into the country's financial system andbringing affordable remittance services to 82,000 members duringthe first eight months of 2005.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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