PYMNTS

FEBRUARY 15, 2019

To that end, phishing attacks, more commonly known as business email compromises (BECs), have been aimed at Bank Secrecy Act (BSA) officials at credit unions. Krebs on Security noted that the emails sent to officials at the United States credit unions looked like they were being sent by other BSA officials.

BSA 49

BSA Credit Union Business Email Compromise Office of the Comptroller of the Currency 49

Finextra

DECEMBER 4, 2024

The Board of Governors of the Federal Reserve System (FRB), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Financial Crimes Enforcement Network (FinCEN), National Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), and state financial regulators issued a joint statement this (..)

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency FRB NCUA 52

Fintech Finance

DECEMBER 9, 2024

Over 50 industry specialists will take the stage at the 15th Nextgen Payments & Regtech Forum in Austin, covering the latest topics and representing leading organisations such as FDIC, FTA, Payall Payment Systems, Inc., Dow Jones, SEON, PayPal, Ripple, Citibank, Wise, Binance.US, Amazon, eBay, Starbucks, Morgan Stanley, BNY Mellon, J.P.

Office of the Comptroller of the Currency 95

Office of the Comptroller of the Currency Financial Crimes BSA Cross-Border Payments 95

PYMNTS

FEBRUARY 8, 2019

In a reported phishing campaign that began last month, Bank Secrecy Act (BSA) officials at credit unions in the U.S. And, according to the report, “multiple sources” claim that FIs beyond credit unions have received such emails. FDIC) and the Comptroller of the Currency were involved in the discussion.

BSA 53

BSA Phishing NCUA Credit Union 53

PYMNTS

DECEMBER 10, 2018

Separately, but still within the scope of efforts from the Federal Reserve and the OCC, along with the FDIC, the agencies last week released a proposal that would increase the threshold of real estate transactions that require appraisal from $250,000 to $400,000. This would be the first boost in 25 years.

Regulations 69

Regulations AML Office of the Comptroller of the Currency Money Laundering 69

PYMNTS

MARCH 26, 2020

Five federal financial regulatory agencies are encouraging banks, savings associations and credit unions to offer small loans to consumers and small businesses in response to the coronavirus pandemic.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency Credit Union FDIC 52

PYMNTS

SEPTEMBER 21, 2020

Separately, last month, five federal regulatory agencies – including the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration (NCUA) and the Office of the Comptroller of the Currency (OCC) – issued a joint statement designed to address questions (..)

Fincen 139

Fincen AML Suspicious Activity Report (SAR) SARS 139

PYMNTS

AUGUST 3, 2017

3) that it has passed Chase in the number of branch offices, making the credit union cooperative the second-largest network of financial institution branches in the country. In a press release the credit union said the CO-OP Shared Branch now totals 5,671 physical locations. credit unions share their branches.

Credit Union 41

Credit Union ATM FDIC Zelle 41

Finovate

APRIL 24, 2025

Features AI-driven financial spreading with human validation for 100% accuracy Same-day turnaround across all formats and geographies Built-in credit memo, ratio analysis, and benchmarking Who’s it for? Commercial banks, community banks, credit unions, B2B fintechs, etc.

Credit Union 52

Credit Union Payment APIs and Integration Non-Bank Community Banks 52

Stax

JANUARY 1, 2024

Additionally, look out for banks that say “Member FDIC” on their website. are compliant with FDIC insurance, but it’s worth an extra check. Be sure to shop around and compare rates from different banks or credit unions to find the most competitive offer. Q: Does FDIC apply to business accounts?

Accounts 88

Accounts Online and Mobile Banking API ATM 88

PYMNTS

AUGUST 4, 2020

In an announcement, the bank said it would work with Google to debut a co-branded, FDIC-insured, digital-only bank account next year. To that end, BBVA was one of six banks that said on Monday (Aug.

Checks 119

Checks Accounts Consumer FDIC 119

Innovative Payments Association

FEBRUARY 24, 2025

At the FDIC, former Vice Chairman Travis Hill was appointed Acting Director on Jan. As evidence of this, Rodney Hood, the former chairman of the National Credit Union Administration Board (NCUA) , was appointed to be the acting comptroller on Feb. He previously served on the FDIC Board.

Consumer Financial Protection Bureau (CFPB) 40

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency FDIC CFPB 40

PYMNTS

OCTOBER 8, 2020

FDIC), National Credit Union Administration and Office of the Comptroller of the Currency — urged bankers to begin offering such small-dollar loans to help consumers deal with temporary cash flow problems.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency Consumer FDIC 52

PYMNTS

MAY 22, 2018

Tom Hoenig, who stepped down last month as FDIC vice chairman, (said) that the Volcker rule should remain in place but, rather than requiring banks to comply with tedious reporting requirements, allow bank examiners to check compliance with policies and procedures as part of the regular inspection process,” the report added.

Regulations 40

Regulations Credit Union Community Banks FDIC 40

PYMNTS

MARCH 30, 2020

government’s $2 trillion stimulus package allows a number of entities — FDIC banks, credit unions and, most notably for this discussion, FinTechs such as Kabbage — to make loans to smaller firms. The urgency, and speed, of Kabbage’s situation comes even as the U.S.

FDIC 60

FDIC Credit Union Small Business Underwriting 60

Global Fintech & Digital Assets

JANUARY 12, 2024

Endnotes [1] The FFIEC members are the Board of Governors of the Federal Reserve System (FRB), the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Consumer Financial Protection Bureau (CFPB), the National Credit Union Administration (NCUA), and the State Liaison Committee. [2]

FFIEC 52

FFIEC Process FRB Consumer Financial Protection Bureau (CFPB) 52

PYMNTS

DECEMBER 20, 2018

A trade group representing those names — and PayPal and Square , among others — issued a letter advocating a system that would connect banks and credit unions, with an eye on speedier transactions. Amazon in particular has stated that such settlement options would be a desirable alternative to credit and debit cards.

Cross-Border 53

Cross-Border SWIFT Federal Reserve Fed 53

PYMNTS

DECEMBER 18, 2018

Those agencies include the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the Financial Crimes Enforcement Network (FinCEN) and the National Credit Union Administration.

AML 61

AML Compliance Money Laundering Office of the Comptroller of the Currency 61

PYMNTS

MAY 27, 2020

HMBradley offers FDIC-insured accounts through Hatch Bank based in California, and rates of about 3 percent on its savings accounts. The company also is aiming to launch “one-click credit,” consisting of pre-qualified offers to clients. If you talk to a consumer, most of them want to make money on their money.”.

FinTech 94

FinTech Online and Mobile Banking Innovation FDIC 94

PYMNTS

OCTOBER 11, 2017

Banks and credit unions should be looking for ways to serve these customers, who are always better served when there is competition in the marketplace; but that doesn’t mean they should get special exemptions or carve-outs. The CFPB final payday lending rule is an important step, Horowitz said, but there are many more steps to come.

Rules 43

Rules CFPB NCUA Credit Union 43

PYMNTS

DECEMBER 14, 2018

Among those agencies, alphabetically speaking: the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the Financial Crimes Enforcement Network (FinCEN) and the National Credit Union Administration.

Financial Crimes 59

Financial Crimes Crime Fincen Office of the Comptroller of the Currency 59

PYMNTS

NOVEMBER 18, 2019

recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, per Federal Deposit Insurance Corp (FDIC) data. Google will partner with Citi and Stanford Federal Credit Union to roll out a checking account linked to Google Pay sometime next year. The most recent failure was on Nov.

Gateways 40

Gateways Digital Payments Payment Gateways PayPal 40

PYMNTS

OCTOBER 17, 2017

An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956. ILCs are used to form industrial loan companies, better known as industrial banks. ” An Unleveled Playing Field.

FDIC 43

FDIC FinTech Community Banks Push-to-Card 43

PYMNTS

OCTOBER 8, 2019

Often, there are lower-cost options, such as regular bank accounts or even local credit unions. Lacking an easy on-ramp into financial services often means turning to high-cost options, he said – particularly when it comes to financial services uniquely suited to migrant workers, like remittances or money orders.

FDIC 50

FDIC Credit Union ATM Advisors 50

Fintech Labs Insights

SEPTEMBER 9, 2014

The funds are held in an FDIC-insured account. Thoughts : Many banks and credit unions offer products with similar benefits. credit unions offer "credit builder loans." Banks and credit unions also offer CD/saving secured loans. According to CUNA ( note 1 ), 15% of U.S.

Credit Union 25

Credit Union FDIC Debit Card ACH 25

PYMNTS

OCTOBER 8, 2019

Often, there are lower-cost options, such as regular bank accounts or even local credit unions. Lacking an easy on-ramp into financial services often means turning to high-cost options, he said – particularly when it comes to financial services uniquely suited to migrant workers, like remittances or money orders.

FDIC 46

FDIC Credit Union ATM Advisors 46

PYMNTS

MAY 24, 2016

“Does the CFPB rule provide clear product safety standards that banks and credit unions can use to offer competing products?” That is why the OCC and the FDIC made banks stop offering deposit advance products, because they were basically just payday loans due in full in two weeks.” Bourke asked.

CFPB 41

CFPB FDIC Rules Credit Union 41

PYMNTS

DECEMBER 11, 2017

The project, called Sheltered Harbor , includes banks and credit unions that hold between them about 400 million U.S. Given the nearly endless proliferation of data breaches and attacks over the last several years, U.S. And so, they are preparing, together, to head off a run on the bank by panicked citizens.

Bitcoin 44

Bitcoin Breach Data Breach FDIC 44

Fintech Labs Insights

JULY 24, 2024

US Bank ) may be the underpinning of its valuation: 6 million users (kids + parents) 1+ million new accounts generated for partner banks and credit unions $5.5 Its self-reported financial metrics don’t seem that unicornish, but its potential around white labeling (eg. TrustPilot score with 5,280 reviews Related: Top 15 U.S.

Financial Literacy 15

Financial Literacy FDIC Credit Union Venmo 15

Fintech Labs Insights

MARCH 4, 2019

Self Lender’s bank partners, put aside the total of all the monthly payments into an FDIC deposit account. The total “loan” and repayments are reported to the three major credit bureaus. Users choose a monthly payment amount they can afford and set up an auto payment to Self Lender for that amount.

Origination 12

Origination Credit Union Push-to-Card Debit Card 12

PYMNTS

AUGUST 3, 2020

banks and credit unions (CUs) have signed on to offer checking and savings accounts through Google Pay. Bank customers will benefit from useful insights and budgeting tools while keeping their money in an FDIC- or NCUA-insured account.”. Six additional U.S.

Accounts 95

Accounts Credit Union NCUA FDIC 95

PYMNTS

FEBRUARY 14, 2019

Over the last two years, more than $500 million worth of cash deposits from the legitimate cannabis business has flowed into Maps Credit Union in Salem, Oregon. 13), banking and credit union executives, along with representatives from law enforcement and the cannabis industry, went before lawmakers to argue in favor of change.

Credit Union 92

Credit Union Law Enforcement Legal Laws 92

PYMNTS

FEBRUARY 13, 2019

Over the last two years, more than $500 million worth of cash deposits from the legitimate cannabis business has flowed into Maps Credit Union in Salem, Oregon. 13), banking and credit union executives, along with representatives from law enforcement and the cannabis industry, went before lawmakers to argue in favor of change.

Credit Union 46

Credit Union Legal Law Enforcement Laws 46

The Payments Association

JANUARY 31, 2025

the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), or the National Credit Union Administration (NCUA)) are not included in the Working Group, especially given the allegations of an ‘Operation Choke Point 2.0.,’

Stablecoins 88

Stablecoins Office of the Comptroller of the Currency Treasury FDIC 88

Bank Automation

APRIL 16, 2025

President Donald Trump ousted two Democratic members of the National Credit Union Administration Board, adding to a spate of recent firings as he continues to assert more control over independent agencies.

NCUA 52

NCUA Federal Trade Commission Credit Union Automation 52