WASHINGTON–The White House has released its first-ever “digital asset framework” that outlines its vision of what crypto regulation in the U.S. should look like, including ways in which the financial services industry should evolve to make borderless transactions easier, and how to crack down on fraud in the digital asset space.
WASHINGTON–At the same time credit unions represented by both NAFCU and various state leagues were hiking the Hill to lobby against the proposed interchange bill, more than 200 merchant trade associations and close to 1,700 companies were arguing the opposite point of view this week.
JACKSON, Miss —Hope Credit Union, which describes itself as the nation’s leading Black- and women-owned community development financial institution, said it plans to provide $1 billion in financing to improve lives and close the racial and gender opportunity gaps in Alabama, Arkansas, Louisiana, Mississippi and Tennessee.
WASHINGTON—While credit unions are already heavily regulated, the same can’t be said for the increasingly popular “buy now, pay later” (BNPL) products solutions being used by many consumers, CUNA wrote to the Senate Banking, Housing, and Urban Affairs Committee.
WASHINGTON—The buy now, pay later (BNPL) market has exploded, but borrowers may be receiving uneven disclosures and protections, according to a new report from the CFPB, which also outlines steps it plans to take.
WASHINGTON–The Office of the Comptroller of the Currency has hired what some are calling its first “climate cop.”
WASHINGTON–Representatives of Inclusiv were on hand at the White House for a celebration of the passage of the Inflation Reduction Act (IRA).
BIRMINGHAM, Ala. – The former manager of a credit union has been charged with embezzling more than a quarter-million dollars.
WASHINGTON – More than 100 consumer, civil rights, and labor groups are calling on CFPB Director Rohit Chopra to exercise the agency’s authority to limit forced arbitration clauses, which the said are “commonly buried in the fine print of consumer financial contracts to eliminate the rights of customers seeking accountability when scammed, cheated, or defrauded by big banks.”
ALEXANDRIA, Va. – NCUA has opened registration for its third summit focused on diversity, equity, and inclusion. The event, to be held both in-person and virtually, is scheduled for Nov. 2 – 4.
