News

San Francisco-based Xoom Corp. said it has launched an online wire transfer service that allows delivery to most United Kingdom bank accounts in about an hour or less.

A $5 million grant program from the SBA aims to provide training, guidance, counseling, mentoring and procurement assistance to small businesses.

MeridianLink Inc. said its multi-channel account opening and loan origination platform is now integrated with Experian's PreciseID identification and credit verification service.

NCUA Chairman Debbie Matz will answer questions from credit union executives and other interested parties at a Feb. 17 virtual town hall, the agency announced.

Saying she wants to "reverse the disincentive," for credit unions to accept new deposits, NCUA Chairman Debbie Matz asked Congress to let credit unions exclude no-risk assets from their definition of total assets and to allow supplemental capital.

Violators of NCUA's new rule on financial literacy for directors will not be forced to step down or undergo a test, according to CUNA's summary of an audio conference conducted to guide CUs on the basic expectations in the rules.