NEW YORK—The use of Bitcoin for commercial payments has dropped dramatically this year, even as the original digital coin starts to fulfill one of the basic features of any payment currency: stability, reports Reuters.
Fresh Today
COLUMBUS–Ohio is on the verge of becoming the first state to accept Bitcoin for tax bills.
WILLIAMSVILLE, N.Y.–Western Division Federal Credit Union said it will pay out more than $750,000 to its members as part of a "patronage dividend."
BASEL, Switzerland—The number of worldwide correspondent banking relationships continues to decline, according to new figures released by the Financial Stability Board (FSB).
WASHINGTON—The Federal Financial Institutions Examination Council (FFIEC) Tuesday provided a second update on its Examination Modernization Project.
BEAVERCREEK, Ohio–Wright Patt Credit Union said it plans to offer “limited banking services” to legally licensed medical marijuana businesses in its markets.
WASHINGTON—The Federal Trade Commission has alleged that a California-based student debt relief scheme bilked consumers out of millions of dollars using false promises that they could reduce their monthly payments, or eliminate or reduce their student loan debt.
MADISON, Wis.– Credit union professionals are being urged to nominate colleagues for the 2019 CUNA Marketing & Business Development Council Recognition Awards.
WASHINGTON—The Federal Housing Finance Agency (FHFA) in its final rule decided to not adopt an outcome-based framework for the Federal Home Loan Banks' (FHLBs) affordable housing program (AHP).
LOMBARD, Ill.–The recent Small Business Saturday was a reminder of the huge role of the segment in the U.S. economy–5.9 million non-sole-proprietorships also are responsible for 41 cents of every dollar earned by American workers–but also a good time to recognize many small businesses lack access to credit, according to Raddon.