MADISON, Wis.–The World Council of Credit Unions is encouraging its member associations and credit unions to apply for its 2022 Digital Growth Award, which will recognize one or more member credit union associations or individual member credit unions for successfully working toward its Challenge 2025 goal of “expanding digital transformation across the globe.”
GREENVILLE, Tenn.–Consumer Credit Union said it has finalized an investment in CU Community, LLC, dba 7 Mortgage, a Knoxville-based CUSO.
WASHINGTON–The Consumer Financial Protection Bureau said it is taking action to halt prepaid card providers illegally siphoning money away from Americans through exclusive government benefit contracts.
WASHINGTON–The Securities and Exchange Commission has reached a $100 million settlement with BlockFi Lending over registration failures. The settlement comes after the SEC warned in late 2021 that it would be taking action against cryptocurrency firms offering loan products that failed to register them as securities or to register themselves as investment companies.
WASHINGTON—International financial institutions have received the go-ahead from the U.S. Treasury Department to allow money transfers to Afghanistan for humanitarian purposes, including an OK for aid groups to pay teachers and healthcare workers at state-run institutions without issue.
WASHINGTON–Attendees at CUNA’s upcoming GAC will no longer need to verify their coronavirus vaccine status in order to the attend the event, following a change in requirements to enter indoor venues by the District of Columbia.
WASHINGTON—Credit union loans outstanding increased 1.0% in December, compared to a 0.6% increase in November of 2021 and a 0.2% increase in December of 2020, according to CUNA’s latest Monthly Credit Union Estimates.
WASHINGTON—Additional guidance related to digital assets, fraud, and cyber-enabled crime is needed, according to NAFCU.
RALEIGH, N.C.–Coastal Credit Union is reporting it issued more than $4.1 million in special dividends to eligible members through its Loyalty Bonus program, while its overall giveback to members amounted to more than $41 million.
WASHINGTON–With the threat of government funding again looming over Washington—with one senator objecting to what she said would be federal funding over crack pipes—Congress nevertheless has a number of hearings on its agenda of interest to credit unions.
