WILMINGTON, Del.–Coinbase, the largest cryptocurrency exchange in the United States, is stating that federal securities regulators are threatening to sue it over a financial product it is proposing that would let customers earn interest on digital asset deposits.
WASHINGTON—A proposal that would have required credit unions to report deposits/withdrawals of more than $600 to the Internal Revenue Service has been removed from legislation currently before Congress.
WASHINGTON–Rep. Ted Budd (R-NC) told credit unions he continues to advocate for repeal of the Durbin Amendment and is co-sponsoring a number of pieces of legislation aimed at providing assistance to CUs.
WASHINGTON–NCUA Board Member told credit unions at NAFCU’s Congressional Caucus they have a “powerful story” to tell on Capitol Hill, and turned to the words of an early credit union pioneer to offer inspiration.
WASHINGTON–The ranking member of the House Ways & Means Committee called on credit unions to help him in his fight against more government spending and proposed tax increases.
MADISON, Wis.—Six credit unions in Haiti that were devastated by an August 14 earthquake will soon be operating again following a $45,000 grant issued through Worldwide Foundation for Credit Unions’ Project Storm Break initiative.
WASHINGTON–The National Credit Union Foundation said it has made an additional grant of $150,000 to the Louisiana Credit Union League to support credit union employees and volunteers affected by Hurricane Ida.
LANDER, Wyo. – Meridian Trust FCU here has announced plans to merge with Nebraska-based Western Heritage FCU, with Meridian Trust to be the surviving name.
WASHINGTON—The CFPB has released the filing instructions guide for data collected in 2022 – to be reported in 2023 – under the Home Mortgage Disclosure Act (HMDA).
SAN JOSE, Calif.–Excite Credit Union here is celebrating its certification as a Community Development Financial Institution, saying the new status will help drive growth and better serve its community.
