credit unions

Credit union, a type of financial institution similar to a commercial bank, is a member-owned financial cooperative, controlled by its members and operated on a not-for-profit basis.

Source: en.wikipedia.org

CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards

CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards
CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards
December 20, 2024  |  Legal & Regulation

The Consumer Financial Protection Bureau sued Zelle operator Early Warning Services and three of its owner banks — Bank of America, J.P. Morgan Chase and...

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Trump 2.0 Expected to Pursue Regulatory Rollbacks at CFPB
Trump 2.0 Expected to Pursue Regulatory Rollbacks at CFPB
December 19, 2024  |  Legal & Regulation

A flurry of announcements and proposals from the Consumer Financial Protection Bureau in the weeks leading up to — and after — November’s election begs...

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Velera Partners With The Knoble to Combat Financial Crimes
Velera Partners With The Knoble to Combat Financial Crimes
December 18, 2024  |  Partnerships

Credit union service organization Velera partnered with The Knoble to combat human crime, which includes human trafficking, child exploitation, financial scams, elder abuse and other...

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CFPB Unveils Overdraft Fee Regulations for Large Banks and Credit Unions
CFPB Unveils Overdraft Fee Regulations for Large Banks and Credit Unions
December 12, 2024  |  Legal & Regulation

Nearly a week after a federal judge blocked a cap on “junk fees,” the Consumer Financial Protection Bureau is overhauling overdraft fee regulations for large...

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Equipifi and Synergent Partner on BNPL Programs for Credit Unions
Equipifi and Synergent Partner on BNPL Programs for Credit Unions
December 11, 2024  |  BNPL

Equipifi and Synergent have partnered to help credit unions launch their own buy now, pay later (BNPL) programs through their banking apps. This partnership will...

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Scam-Related Fraud Jumped 56% in 2024, Surpassing Digital Payment Crimes
Scam-Related Fraud Jumped 56% in 2024, Surpassing Digital Payment Crimes
December 10, 2024  |  Cybersecurity

As digital transactions play a role in the financial landscape, financial institutions invest heavily in fraud prevention tools. Efforts to combat fraud in routine digital...

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Energy Capital Credit Union Picks Velera for Debit Card Processing
Energy Capital Credit Union Picks Velera for Debit Card Processing
December 05, 2024  |  Credit Unions

Energy Capital Credit Union has expanded its partnership with credit union service organization (CUSO) Velera. Velera had already been providing credit card processing support for Energy Capital...

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Can Community Banks Out-Innovate Big Banks? The Tech Says Yes
Can Community Banks Out-Innovate Big Banks? The Tech Says Yes
December 05, 2024  |  Banking

If banks can’t give their customers the financial services they want or the experiences they expect, those customers will go and look for them elsewhere....

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