Welcome to NASCUS Report

Technology & Payments

Compliance Will Define Future of Payments; Walmart-Backed Fintech One Launches ‘Buy Now, Pay Later’ Services; ‘There Are Risks’: Betsy Cohen on Banking as a Service; Stripe Co-Founders Say They’re Building ‘Software-Defined Financial Services’
Happening in Tech

AI & Digital Assets

Spotting AI Washing: How Companies Overhype Artificial Intelligence; Regulators’ BaaS Reckoning; Why Goldman Sachs Believes In AI; The AI Act Is Done. Here’s What Will (And Won’t) Change; DeFi’s Path to Mass Adoption Goes Through Fintech Firms
Crypto Activities

Fraud and Cybersecurity

56% of Cyber Insurance Claims Originate in Email; Machine Learning in Finance: Leveraging the Technology for Financial Fraud Detection; Hackers Subverted Cisco’s Security Devices to Spy on Gov’ts; Next-Gen Fraud Strategies Use Data to Onboard
Stories in the News

Industry and Regulation

America’s Credit Unions Endorses Bill to Establish Independent Exam Office; Treasury Asks the 11th Circuit to Uphold the CTA and Congressional Authority; Report: FDIC Seeking Buyers for Republic First Bancorp; NCUA Fraud Prevention Resources
See News Updates

Around the States: Recent News Stories

– Wisconsin Credit Union League President & CEO Brett Thompson Announces Retirement at Yearend
– Massachusetts Credit Union Warns Members of Data Breach That Exposed Personal Information
– Financial Literacy Initiatives on The Rise in America’s High Schools
– Michigan’s Genisys CU Again Named Among Best Performing
– Oregon’s OnPoint Community CU Donates $100K to Support Environment, Natural Resources
Read More Stories Here

TransUnion Report: 2024 State of Omnichannel Fraud

Trends and insights for enabling trusted commerce Global digital transaction growth following the pandemic pushed fraud to new heights in 2023. Identity-based fraud is accelerating as cybercriminals harvest more stolen…

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News Klarna to launch credit card offering in the US “over the next few months”

Following successful debuts in Europe, Swedish buy now, pay later (BNPL) firm Klarna is now preparing to extend its credit card offering to consumers in the US. Klarna Card to launch in…

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CFPB Takes Action to Stop Illegal Junk Fees in Mortgage Servicing

Homeowners forced to pay for “services” that were prohibited or unauthorized. The Consumer Financial Protection Bureau (CFPB) today published an edition of Supervisory Highlights describing the agency’s actions to combat junk fees…

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Cannabis Banking News

– Where Is Cannabis Legal? A Guide To All 50 States
– Does the SAFE Act Go Far Enough? Why the Legalization of Cannabis Is Inevitable
– Schumer and Key House Lawmakers Discuss Merging Marijuana Banking Bill with Cryptocurrency Reform
– Pennsylvania Lawmakers File Marijuana Legalization Bill Ahead of Committee Hearing This Week
– New York Cannabis Regulations Are (Initially Ruled) Unconstitutional, Says New York Judge
– Floridians to Decide Fate of Adult-Use Marijuana This November
– New Hampshire Governor Won’t Sign Marijuana Legalization Bill
– In Minnesota: Commerce Finance Bill Focuses on Cannabis, Insurance Fraud
Read More

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NASCUS Report: Keeping you connected to nationwide stories and trends.

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