Sen. Ted Budd, R-N.C., introduced the credit union-supported Secure Payments Act Tuesday, which would halt implementation of the Federal Reserve’s debit interchange proposal until its impact can be studied. America’s Credit Unions strongly opposes the Fed’s proposal and has called for it to be withdrawn. “Credit unions need access to as many resources as possible …
The Financial Crimes Enforcement Network (FinCEN) reminds financial institutions (FIs) to remain vigilant in identifying and reporting suspicious activity related to elder financial exploitation (EFE). EFE-related losses affect personal savings, checking accounts, retirement savings, and investments, and can severely impact the well-being and financial security of victims. In addition to filing a Suspicious Activity Report, …
