ST. CLOUD, Minn./ROCKY HILL, Conn.–St. Cloud FCU and DaLand CUSO said they have partnered on the development of the CU-Digital Asset Vault, built on DaLand’s CODE Engine, and will be the first credit union in the nation to solve the “major problem of giving people a trusted, local, secure location to store their new form of wealth—digital assets.”
Fresh Today
WASHINGTON–The United States Agency for International Development (USAID) said it is launched a new “GROW Project” to expand credit union business lending in Ukraine to support economic growth and the creation of jobs, even as that country remains under attack from Russia.
HONG KONG—BitMEX has pled guilty to violating the Bank Secrecy Act by failing to establish an adequate anti-money laundering program, with federal prosecutors saying the company operated without a meaningful AML program from 2015 to 2020.
BRUSSELS, Belgium—Instant payments continue to gain traction across Europe, driven by increased consumer and business expectations, according to a new report.
NEW YORK–Even as rates appear to have peaked and markets are waiting on the Fed to cut rates, a new analysis has found many depository institutions are continuing to use the one-year certificates of deposit with relatively high rates to attract and retain customers.
AUSTIN, Texas–New research has found that across all generations there are opportunities for financial institutions if they more effectively respond to desire for increased security and fraud protection, as well as provide more personalized online experiences.
WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has a new target in its sights when it comes to junk fees: the lunch lady. Or rather, the payment processing companies that help school districts process children’s school lunch payments.
WASHINGTON–New data show that since the restart of federal student loan payments, almost as many people are not making payments as those who are.
BROOMFIELD, Colo.–Premier Members Credit Union is reporting it has become the first credit union in Colorado to join regional business Wompost’s Community Compost Drop-Off Program.
NORTH CHESTERFIELD, Va.–Virginia Credit Union has completed its move to a federal charter, although it will continue to operate under its current brand.