CANBERRA, Australia—A bill aimed at better regulation of cryptocurrency and other virtual assets in Australia has been drafted by Australian senator Andrew Bragg.
Fresh Today
MADISON, Wis.–The National Credit Union Foundation has announced the 2023 honorees of the highest honors presented by U.S. credit unions, the Herb Wegner Memorial Award.
WASHINGTON–With mortgage rates hitting highs not seen in more than a decade, refinancings continue to plunge and volume is considerably below where it was one year ago.
NEW YORK– Financial services has been ranked 14th out of 19 industries studied in MBLM’s Brand Intimacy 2022 Study, which it said is the largest study of brands based on emotions.
PADUCAH, Ky.–School is over for the $12-million Paducah Teachers FCU, which has been shuttered by NCUA. The $278.9-million C-Plant FCU, also based in Paducah, has purchased some assets and assumed most of PTFCU’s share accounts.
WASHINGTON–Attorneys general in seven Republican-led states have filed lawsuits over the Biden Administration plan to forgive some federal student loan debt.
ST. LOUIS–A member of the Federal Reserve’s Board of Governors said the growth of credit unions and other non-bank financials should be factors that are considered moving forward when the Fed is considering bank mergers.
WASHINGTON—Following a speech in which Federal Reserve Board Governor Michelle Bowman addressed how credit unions are indicative of the changing community banking landscape that should factor in how the Fed treats bank mergers, NAFCU has sent a letter that states CUs play a “unique and competitive role in the marketplace,” but are also often more heavily regulated than community banks.
WASHINGTON—The Consumer Financial Protection Bureau is suing MoneyLion Technologies, an online lender, and 38 of its subsidiaries, for imposing what it said are illegal and excessive charges on servicemembers and their dependents.
MINNEAPOLIS–A new CUSO formed by four credit unions to make infrastructure loans and loans on larger projects has its first deal.