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Criminals attempted to defraud five credit unions – including two of the nation's largest – of at least $1 million.
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The Arizona-based CUSO returned $6.2 million in cash rewards to its credit union members for 2018.
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The latest Credit Union Trends Report from CUNA Mutual Group shows strong performance in membership growth and delinquencies, but lending is beginning to slow and could slow further by next year.
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JPMorgan's Dimon: Square innovated where we should have; this company simplifies bank switching (and banks pay for it); BB&T-SunTrust deal has Atlanta banks licking their chops; and more from this week's most-read stories.
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Amazon is focusing more on the virtual and voice-powered reordering on its sites and apps, and as a result is no longer producing new plastic Dash buttons.
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The Mortgage Bankers Association, National Association of Realtors and 26 other groups warned the agency not to pursue steps reducing the scope of Fannie Mae and Freddie Mac that could upset the mortgage market.
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The conventional market recaptured a lot of the first-time homebuyers it lost during the financial crisis, but service members instead have increasingly stuck with loans insured by the Department of Veterans Affairs.
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Crypto exchanges are adopting anti-fraud surveillance tools as they attempt to root out pump-and-dump schemes, insider trading and bogus orders.
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Through its acquisition of digital payments and fundraising provider Benefit Mobile, the National Gift Card company is positioning itself to help charitable organizations grow and to strengthen the mobile offerings of retail merchants.
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A federal judge has offered a split decision in a suit regarding Marriott Employees Federal Credit Union, denying plaintiffs' request for damages but refusing to throw the case out entirely.
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Leading a credit union can be exhausting. Implementing these best practices can help ease the burden.
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Oak Tree Business Systems, Inc. -
Revolut has caught the attention of U.K. regulators over money laundering compliance, a predicament that sheds light on issues faced by the entire digital financial services industry.
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A number of credit unions made donations to help charitable causes, including one institution where employees wore jeans to help a dozen nonprofits.
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The answer depends who you ask, but an analysis of deposit and loan trends offers some insight.
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The move by Kroger Co. comes in response to rising interchange fees on Visa's premium credit cards. The cards will be banned at 142 Smith's stores in the western U.S.
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FNB Bancorp in Utah, which is being sold to Glacier Bancorp, decided that the Montana bank's decentralized model would save jobs and give its management team more autonomy.
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Consumers are willing to pay a bit more for repeat business at a merchant. By passing these fees on to shoppers, small retailers no longer have to cut vital operational costs to accommodate for lower margins from loyalty programs, says Robert Maynard, the founder of SurchX.
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SurchX -
Revolut Ltd., the fast-growing financial technology startup, is facing regulatory scrutiny following an alleged compliance lapse that could have allowed illegal transactions on its app.
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There are a number of actions financial institutions should take to improve their application of machine learning and data analytics technologies.
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Regions Bank -
At least five banks have warned about the potential loss of tax benefits if it is proven that DC Solar operated an investor scheme.
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