WASHINGTON—A joint virtual meeting held by the CFPB's Credit Union Advisory Council (CUAC) and the Community Bank Advisory Council (CBAC) was also monitored by representatives from NAFCU.
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MOUNTAIN VIEW, Calif.—Google is partnering with Coinbase to permit some customers to pay for cloud services with cryptocurrencies. The arrangement begins in early in 2023, CNBC is reporting.
SAN ANTONIO—SWBC’s insurance tracking and outsourced collections solutions have been added to AKUVO’s marketplace of integrated services.
NEW YORK—New York’s financial regulator is looking to bring some order to the cryptocurrency industry by using the state’s role as a financial-services leader to help set the regulatory agenda nationwide.
BEIJING—Transactions with China’s central bank digital currency exceeded 100 billion yuan in value ($13.9 billion) as of Aug. 31, 2022, rising from almost 88 billion yuan by the end of 2021, the People’s Bank of China (PBOC) announced.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has announced the renewal and expansion of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in non-financed purchases of residential real estate.
DULLES, Va.–NCUA Board Member Rodney Hood told credit unions here that diversity, equity and inclusion (DEI) practices in any organization are not just the right thing to do morally, they also pay off on the bottom line.
DULLES, Va.—As credit unions examine their memberships to determine the level of cryptocurrency intertest, just which members are most likely to be involved in crypto.
WASHINGTON—CUNA, the American Association of Credit Union Leagues (AACUL), and state leagues have written to NCUA calling on the agency to ensure that creditworthy credit unions with negative tangible equity are able to “quickly and efficiently” obtain necessary written requests for advances from NCUA to the Federal Home Loan Banks.
PALM DESERT, Calif.–With nearly four-hundred million human touchpoints around the world, credit unions are perhaps better positioned than any other organizations to drive change and financial inclusion, but there remain huge populations who are not yet part of the financial services system, noted one person here.