LONDON—Cryptocurrency exchanges should lose their licenses in case of severe breaches of anti-money laundering (AML) rules, regulators in the European Union have recommended in a new report.
Fresh Today
MADISON, Wis.–The Fed’s move to increase the federal funds rate by 75 basis points does not mean “the sky is falling,” and while a recession is more likely in 2023, credit union lending remains strong, according to a CUNA economist.
WASHINGTON–It’s a short week for the House and Senate before it takes its July 4 recess, but there are still on tap several hearings and pieces of legislation of great interest to credit unions, according to CUNA’s deputy chief advocacy officer for government affairs, Jason Stverak.
JACKSONVILLE, Fla.–“Reputational risk” and the power of social media are frequently mentioned within credit unions, and no credit union has gotten a more sobering reminder of the power of that combination than VyStar Credit Union since the crash of its online and mobile banking solutions.
SAN DIEGO–NCUA Chairman told credit union leaders at the CUNA/NASCUS Cybersecurity Conference here the agency has put numerous resources in place to help reduce cyber-threats, and is moving forward—including in concert with other agencies—on additional steps to do the same.
NEW YORK–New residential construction and the number of permits issued for building homes both fell in May.
WASHINGTON–The CFPB said it wants to see information from buy now, pay later financing by consumers included in credit reports.
FORT WAYNE, Ind.–3Rivers FCU has announced plans to build three new branches in Central Indiana and it widely expands its physical presence in the state.
MARLBOROUGH, Mass.–Digital Federal Credit Union has named a new president and CEO to succeed its long-time leader, Jim Regan.