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jed meyer

Jed Meyer

SARTELL, Minn.—For years, many credit unions have viewed cryptocurrency as a speculative investment best left to exchanges and fintechs. But leaders at St. Cloud Financial Credit Union believe NCUA’s latest proposed stablecoin rule signals something much bigger: regulators are beginning to build a framework for how credit unions will participate in what they see as an emerging digital-money infrastructure.

WASHINGTON—Working to protect the current interchange system, America’s Credit Unions, the Defense Credit Union Council and several other financial services organizations filed an amicus brief Monday in Linney’s Pizza v. Federal Reserve in the U.S. Court of Appeals for the Sixth Circuit.

NEW YORK—Fraud is becoming both more sophisticated and more visible to consumers, creating a growing challenge for credit unions that must protect members while preserving trust in digital channels, according to a new PYMNTS Intelligence Credit Union Tracker produced in collaboration with Velera.

ALEXANDRIA, Va.—America’s Credit Unions voiced support for the NCUA’s proposed field-of-membership rule, saying the measure would modernize current requirements and expand access to credit union membership for more consumers. The proposal, released as part of the agency’s ongoing Deregulation Project, would make several changes to existing field-of-membership standards.

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