JACKSONVILLE, Fla.–—In another sign that cryptocurrency is moving mainstream, the number-one pick in this year’s National Football League draft has chosen to take his first payment of cryptocurrency—and could take additional payments in crypto, as well.
WASHINGTON–More than $11 million in refunds is being sent to consumers who lost money to a bogus credit card interest rate reduction scheme operated by E.M. Systems & Services, according to the FTC.
LAWRENCEVILLE, Ga.—Lenders can now get a more accurate picture of a car’s residual value, according to Black Book, which has released a new VIN-specific History-Adjusted Valuations.
COLUMBUS, Ohio—The $1.2-billion Telhio Credit Union said it has extended its long-term partnership with payments services provider Elan Financial Services. As a result, Elan will continue to provide Telhio’s 70,000 consumer and business members with industry-leading credit card products, the company said.
WASHINGTON—A surging economy can be seen in first quarter economic data showing the U.S. economy grew 6.4% in the first quarter, according to new data from the Commerce Department.
ALEXANDRIA, Va. –NCUA spent nearly $40 million through year-end 2020 on its new MERIT examination tool, while the agency also has a number of specific statutory changes it would like to see from Congress, according to responses NCUA has provided to a U.S. senator.
BASINGSTOKE, U.K.–A new study from Juniper Research has found that the value of losses due to eCommerce fraud will grow 18% in just one year to $20 billion in 2021, up from $17.5 billion in 2020.
WASHINGTON—Congress charged credit unions with “promoting thrift … [and providing] credit for provident or productive purposes,” in 1934 and credit unions continue to fulfill this mission today, CUNA Chief Advocacy Officer Ryan Donovan wrote to all 535 Congressional offices.
ALEXANDRIA, Va.—NCUA said low-income-designated credit unions seeking Community Development Revolving Loan Fund grants in 2021 can now apply. The application period will remain open through June 26.
ST. LOUIS–A new analysis reveals how the racial gap between White Americans and Black Americans is evident in the housing market, affecting the ability of the typical Black family to build household wealth.
