NEW YORK—One company is reporting it plans to help cannabis businesses address their payments problem, especially around the use of cash.
Fresh Today
NEW YORK—Despite the availability of new payment options, many financial institutions lag the marketplace interest in cross-border payments innovations, especially when it comes to providing B2B clients with access to cryptocurrency tools, a new study shows.
ARLINGTON, Va.—Existing home sales rose 1.9% in November to a seasonally-adjusted annualized rate of 6.46 million units. This represents a 2% decrease in sales versus a year ago.
WASHINGTON–The Biden Administration has extended the temporary suspension of interest and loan payments for approximately 40-million federal student loan borrowers.
WINSTON-SALEM, N.C.––Truliant Federal Credit Union said it has successfully completed the private placement of $50 million in secondary capital. The National Credit Union Administration approved Truliant’s use of secondary capital to “promote institutional growth and to meet the future needs of communities it serves,” according to the credit union.
ALBANY, N.Y.–New York’s Acting Superintendent of Financial Services, Adrienne A. Harris, has requested that New York State-chartered banks and credit unions voluntarily waive wire transfer and processing fees associated with Holocaust reparations payments.
WASHINGTON—The Federal Housing Finance Agency (FHFA) has issued a final rule for the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, that establishes housing goals for 2022-2024.
ALBANY, N.Y. – Gov. Kathleen C. Hochul has signed into law credit union-supported legislation that will allow for the permanent use of remote electronic notarizations in New York.
WASHINGTON–The Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) is seeking nominations for new members of its Bank Secrecy Act Advisory Group (BSAAG). New members will be selected for three-year membership terms.
TORONTO–A new analysis of consumer spending during 2021 shows the number of trips by consumers to the grocery store has increased, more money has been spent on baking, travel expenditures have soared among Americans but declined among Canadians, and more.