WASHINGTON— A long-stalled U.S. Senate effort to create a broader regulatory framework for the cryptocurrency market may be regaining momentum, with Senate Banking Committee Chairman Tim Scott signaling that lawmakers are moving closer to new draft language on key provisions, Yellow.com reported.
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WASHINGTON— The Federal Reserve held its benchmark interest rate steady Wednesday, leaving the federal funds target range at 3.50% to 3.75% as policymakers said the economy continues to expand at a “solid pace” but inflation remains elevated and uncertainty has intensified.
ALEXANDRIA, Va.--Federally insured credit unions posted stronger balance sheet growth in 2025, with median assets rising 3.3% year-over-year in the fourth quarter and median loans outstanding up 0.7%, even as the agency’s latest state-level data show many smaller institutions continue to struggle with membership declines.
SCOTTSDALE, Ariz./ROYAL OAK, Mich.-BNPL platform provider equipifi said it has partnered with CUSG to expand embedded installment-payment options for credit unions, allowing institutions working with CUSG to offer buy now, pay later loans directly inside their digital banking platforms.
WASHINGTON — Mortgage applications decreased 10.9% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 13.
DOVER, Del.—InvestiFi said it has partnered with Sunstate Bank to embed its investing platform directly into the bank’s online banking experience, allowing customers to buy and manage investments from within digital banking using funds from their checking accounts.
PURCHASE, N.Y.—Mastercard said it has signed a definitive agreement to acquire stablecoin infrastructure provider BVNK for up to $1.8 billion, including $300 million in contingent payments, in a move the company said will expand its “end-to-end support of digital assets” and strengthen its ability to connect blockchain-based payments with traditional fiat rails.
WASHINGTON--Fraud is a top concern across all financial services, but smaller credit unions with less staff and fewer resources can be hit especially hard. America’s Credit Unions Small Credit Union Advocacy Advisory Panel tackled fraud experiences and a way forward on solutions during its latest meeting this week.
WASHINGTON— The U.S. Department of the Treasury has issued a new trio of national risk assessments warning that financial institutions face growing exposure to a broad mix of illicit-finance threats, with fraud, cybercrime, drug trafficking and the misuse of digital payment channels topping the list, according to the Association of Trade Finance Compliance Professionals (ATFCP).
NEW YORK— A bipartisan coalition of 13 state attorneys general has sued OneMain Financial, alleging the installment lender saddled subprime and other financially vulnerable borrowers with hundreds of millions of dollars in hidden costs by packing loans with costly “add-on” products customers often did not knowingly request or need, according to Reuters.