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’s New Rules Target 13 Billion Big Tech App and Digital Wallet Transactions

CFPB’s New Rules Target 13 Billion Big Tech App and Digital Wallet Transactions
CFPB’s New Rules Target 13 Billion Big Tech App and Digital Wallet Transactions
November 08, 2023  |  Legal & Regulation

Will new rules governing digital wallets and apps blunt Big Tech innovations — or put desperately needed guardrails in place? The Consumer Financial Protection Bureau’s...

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CFPB Proposes Oversight for Big Tech and Digital Wallet Providers
CFPB Proposes Oversight for Big Tech and Digital Wallet Providers
November 07, 2023  |  Legal & Regulation

In a move to ensure consumer protection and regulatory oversight, the Consumer Financial Protection Bureau (CFPB) is proposing to supervise larger nonbank companies that offer...

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PSCU and Co-op Solutions Announce Merger
PSCU and Co-op Solutions Announce Merger
November 06, 2023  |  Credit Unions

  PSCU and Co-op Solutions, two credit union service organizations (CUSOs) and FinTech solution providers, have announced plans to merge. The move aims to offer credit unions...

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Crypto and the Credit Union Innovation Playbook
Crypto and the Credit Union Innovation Playbook
November 06, 2023  |  Credit Unions

A growing number of consumers are interested in cryptocurrencies, and most know what they are. But the number of financial institutions ready to offer cryptocurrency...

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Over 70% of Consumers Do Not Believe Real-Time Payments Are Truly Instant
Over 70% of Consumers Do Not Believe Real-Time Payments Are Truly Instant
November 03, 2023  |  Real-Time Payments

Consumers are increasingly embracing the immediacy and transparency offered by real-time payments. And the migration to ISO 20022, a new global standard for secure and...

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National Credit Union Groups Merge to Form ‘America’s Credit Unions’
National Credit Union Groups Merge to Form ‘America’s Credit Unions’
November 02, 2023  |  Credit Unions

Two national credit union associations are merging to create a new advocacy group. Members of the Credit Union National Association (CUNA) and National Association of Federally-Insured Credit Unions...

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Personalization Helps Credit Unions Out-Compete Banks on Lending
Personalization Helps Credit Unions Out-Compete Banks on Lending
November 01, 2023  |  Credit Unions

You can’t have a successful business, no matter the business, if you don’t attract customers. When it comes to today’s world of evolving financial markets...

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TLSC and Millennium Collaborate on Repossession Solutions for Credit Unions
TLSC and Millennium Collaborate on Repossession Solutions for Credit Unions
October 31, 2023  |  Credit Unions

The Loan Service Center (TLSC), a PSCU company, has partnered with Millennium Capital and Recovery Corp. to provide repossession solutions to credit unions.  Through TLSC’s extended services, credit unions will...

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