WASHINGTON—Stablecoins have the potential to “fundamentally alter the landscape of banking,” according to the head of the FDIC.
Fresh Today
RENO, Nev.–After testing an offering of traditional banking services to a rapidly growing, cash-based industry, Greater Nevada Credit Union said it is now offering a full suite of services to cannabis-related businesses.
ALEXANDRIA, Va.–More than 30 credit unions have recently filed paperwork with NCUA announcing plans to merge, according to the latest review by CUToday.info, which again found wide disparities in CUs returning net worth to members (not that many), several CUs seeking to merge in multiple other CUs at once, combo’s in which the merging and acquiring CUs are both losing money, and several examples of credit unions reaching across state lines and even the country with merger partners.
DUBUQUE, Iowa—More than 74,000 participating members of Dupaco Community Credit Union have received a share of nearly $3.7 million in bonus patronage dividends for 2022.
LAS VEGAS–If credit unions weren’t already aware of both the sobering threats and equally exciting promise presented by fintechs, one group of people here made both those scenarios clear in just 45 minutes of discussion and debate.
ARLINGTON, Va.—Existing home sales declined by 1.5% in September to a seasonally-adjusted annualized rate of 4.7 million units, marking the eighth straight month of declining sales and representing a 23.8% decrease in sales compared to last year.
WASHINGTON—Reps. Lisa Blunt Rochester (D-DE) and Ashley Hinson (R-IA), along with a group of 20 other congressional co-signers, wrote to Community Development Financial Institution Fund Director Jodie Harris to voice several longstanding concerns and recommendations for the CDFI Fund.
LAS VEGAS–The leader of Poland’s credit union trade association had a blunt message for the work being done in his country by CUs and fellow citizens when it comes to the refugees of the war in Ukraine “In Poland, we are not waiting with folded arms for these bastards from Russia.”
VIENNA, Va.–For the seventh year in a row, Navy Federal Credit Union has been ranked No. 1 among multichannel banks for customer experience (CX) award based on Forrester’s proprietary 2022 US Customer Experience Benchmark survey.
BROOKFIELD, Wis.—Financial institutions can enhance their ability to detect and prevent account takeover fraud with a new solution Fiserv is calling a “first-of-its-kind.”