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WASHINGTON–Even as some credit unions have worked to expand services to cannabis-related businesses, and one cannabis business services CUSO went public for $185 million, most of those same cannabis companies are not making money themselves, according to a new report.

ALEXANDRIA, Va.–With NCUA noting the first half of 2022 experienced the sharpest increase in interest rates in decades, the agency has issued a new Letter to Credit Unions addressing interest rate risk

NEW YORK—In addition to some congressional Democrats, some New York City officials are also now demanding credit card companies to start playing a stronger role in gun control. The move comes at the same time New York-based Amalgamated Bank —  with the help of the advocacy group Guns Down America--has reapplied to the International Organization for Standardization (ISO) to create a new set of merchant category codes for gun sales.

CHICAGO—Walmart has filed a motion to dismiss a lawsuit by the Federal Trade Commission that accuses the company of allowing its money transfer services to be used by scam artists, calling it an “egregious instance of agency overreach.”

ABU DHABI, U.A.E.—Abu Dhabi has formed a government body to develop its strategy for regulating and promoting the world of virtual assets.

ATLANTA—A new solution is bringing more competition to the remittance market—this time from a fintech.

WASHINGTON–The Consumer Financial Protection Bureau (CFPB) has introduced a new graphs tool that utilizes quarterly Home Mortgage Disclosure Act (HMDA) data reported by certain financial institutions.

MEXICO CITY, Mexico—Remittances to Mexico reached a record high in July as Mexican families received $5.3 billion from abroad, an annual increase of 16.5%, according to new data from the Mexican central bank.