BRUSSELS, Belgium—The Netherlands, Belgium, France, Italy and Spain together have petitioned the European Commission to limit the amount consumers can pay in cash within the European Union to €5,000.
Fresh Today
RANTOUL, Ill.–Credit Union 1 is one of two private partners participating in a public/private program offering funding to start-up cannabis-related businesses in this state, particularly those owned by minorities.
EDINBURGH, Scotland–Capital CreditUnion has won the top prize in a well-regarded United Kingdom-wide consumer awards program.
WASHINGTON—The U.S. Treasury’s Office of Foreign Asset Control (OFAC) has announced a new round of sanctions targeting over-the-counter crypto exchange Suex.
WASHINGTON—The Federal Reserve has published a paper on partnerships between community banks and fintech companies.
WASHINGTON–This week is “shaping up to be one of the most consequential weeks in Washington in recent memory,” according to CUNA’s Ryan Donovan.
WASHINGTON–A “study” that has called for the elimination of the credit union tax exemption was paid for by the nation’s banks, according to NAFCU.
PORTSMOUTH, N.H.–What is being described as the credit union community’s “first neo-bank strategy,” Bank Dora Financial has been launched by four credit unions located in three different states.
WASHINGTON—In a letter to the House Financial Services subcommittee, CUNA encouraged Congress to enact legislation that provides flexibility to NCUA to offer forbearance from prompt corrective action to otherwise healthy credit unions impacted by federally declared emergencies or disasters.
WASHINGTON—Acting Comptroller of the Currency Michael Hsu is warning that cryptocurrencies and decentralized finance (DeFi) could pose risks for the broader economy, comparing them to the 2008 financial crisis.