NEW YORK—Are investors turning away from cryptocurrency? A new study suggests that may be the case.
Fresh Today
BASEL, Switzerland—Crypto asset companies should set aside capital like banks and credit unions when undertaking similar activities, regulators proposed in their first global rules as a "crypto winter" has wiped $2 trillion off the sector, according to the Financial Stability Board (FSB).
MADISON, Wis.–The Wisconsin Department of Financial Institutions, Office of Credit Unions has earned Reaccreditation from NASCUS following a series of in-depth reviews and assessments by a panel of veteran state supervisors.
HAMPSHIRE, U.K.–A new study from Juniper Research has found that consumer spending using buy now, pay later (BNPL) platforms will reach $437 billion globally in 2027; rising from $112 billion in 2022.
PLANO, Texas–Newly released data show there were a total of 92,634 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — during the third quarter of this year, a 3% increase over Q2 and a 104% jump from a year ago.
WASHINGTON—A new guide from the Treasury Department is emphasizing the importance of taking a risk-based approach to managing sanctions risks in the context of new payment technologies such as instant payment systems, and to highlight considerations relevant to managing those risks.
WASHINGTON—The Consumer Financial Protection Bureau’s guidance on “junk fees” issued last week raises several concerns over the treatment of financial institution fees, according to CUNA.
NEW YORK–BuySide, a publication of the Wall Street Journal, has identified what it says is the best overall credit union in the U.S., as well as the best CU for rates, high-yield checking, and high-yield savings—but it should be noted it only considered CUs that were among the “largest ones.”
WASHINGTON–The average rate on the 30-year fixed-rate mortgage surpassed 7% last week to hit its highest level in Freddie Mac’s weekly survey, the first time it has hit that mark since 2002.
WASHINGTON–With the Federal Reserve almost certain to again raise rates this week, a new analysis says the increase will cost American consumers more than $4 billion in additional interest.