WILTON, Conn.–Cryptocurrency investors are attracted by the opportunity for growth, but a high level of skepticism and lack of understanding remain, according to new research.
THE news
LAS VEGAS–Talk about fortuitous timing: Just hours after CFPB Director Rohit Chopra made a big splash announcement at the Money 20/20 Conference that the Bureau will work to facilitate open banking and open finance in the U.S., a panel discussion on that very same issue was already on the agenda.
ALEXANDRIA, Va.–Credit unions where the sponsor company is struggling. Difficulty finding a new CEO. A small town where two CUs are looking to be merge into another CU. A payout to three execs at a CU that’s losing money. And some unique credit union names that will be disappearing, plus one CU that found sunnier skies elsewhere. All of that and more can be found in part III of CUToday.info’s three-part series this week on the more than 30 most recent merger applications filed with NCUA.
LAS VEGAS–The CFPB is planning to facilitate rules to provide for personal financial data rights for Americans, paving the way for open banking and open finance. The proposed rules, among other things, would obligate financial institutions to share consumer data upon consumer request,
WASHINGTON–The Federal Trade Commission is investigating whether Visa’s and Mastercard’s security tokens restrict debit-card routing competition on online payments, according to a new report.
SAN JUAN, Puerto Rico—Inclusiv is reporting it has distributed $250,000 in Hurricane Fiona relief to employees of and volunteers for Puerto Rico’s cooperativas and credit unions, crediting the support of the National Credit Union Foundation’s CUAid disaster relief fund for providing the financial assistance.
ANNAPOLIS, Md.–The MD|DC Credit Union Association and its participating member credit unions are again partnering with the state of Maryland to provide savings to members who shop locally through the annual Shop Maryland and Save for the Holidays campaign.
LAWRENCEVILLE, Ga.—Used car values declined for the third month in a row in September.
WASHINGTON–The Credit Union Legislative Action Council (CULAC), CUNA’s PAC, said it will spend more than $2.5 million on advertisements in support of eight credit union “champions” for Congress between now and election day in November.
WASHINGTON– The House has passed the credit union-supported Credit Union Board Governance Modernization Act (H.R. 6889).