WASHINGTON--The President’s Working Group on Digital Asset Markets released its report this week with several recommendations on the regulation of digital assets.
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PALM DESERT, Calif.—Despite mounting pressure from bank lobbyists and renewed threats to the credit union tax exemption, Washington credit union advocate John McKechnie told attendees at the Defense Credit Union Council’s Annual Conference that he sleeps just fine at night.
PALM DESERT, Calif.— With identity theft losses now exceeding $1 billion each month, credit unions have an opportunity to combat this rising threat, deliver meaningful protection to members, and strengthen their bottom line at the same time.
ALEXANDRIA, Va.--NCUA issued one consent-based prohibition order and two prohibition notices in July, the agency announced.
ST. PETERSBURG, Fla.– Velera has been named to the Forbes list of America’s Best Employers for Women 2025, the CUSO reported.
WASHINGTON—The Federal Reserve Board on Thursday joined other federal financial institution regulatory agencies, as well as the Financial Crimes Enforcement Network, in providing banks the flexibility to use an alternative method for collecting certain customer identification information.
WASHINGTON—Sen. Cynthia Lummis (R-WY) has introduced legislation that would solidify a recent federal directive requiring mortgage lenders to factor in digital assets like cryptocurrency when evaluating applications, Cointelegraph reported.
SACRAMENTO, Calif. — The California Department of Financial Protection and Innovation (DFPI) and five other state financial regulatory agencies have taken action against Wise US, Inc. for violations of Bank Secrecy Act and anti-money laundering laws under the Countering the Financing of Terrorism Program, the DFPI announced.
WASHINGTON—America's Credit Unions, the American Association of Credit Union Leagues, and state and regional leagues representing all 50 states and D.C. have sent a letter to Treasury Assistant Secretary for Tax Policy Kenneth Kies, defending credit unions' mission and calling out “banker hypocrisy.”
MCLEAN, Va.--The 30-year fixed-rate mortgage inched down again, averaging 6.72% this week, Freddie Mac reported.