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WASHINGTON—The definition of “money” is being revised by a number of federal agencies as part of a broader effort to tighten reporting requirements for financial institutions handling local and cross-border cryptocurrency transactions, according to a new report.

WASHINGTON—Despite the recent pullback in mortgage rates, total home sales are expected to come in lower than previously forecast through the rest of 2024, and then not pick up meaningfully until further out in 2025, according to the August 2024 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.

DUBLIN, Calif.–Patelco Credit Union has confirmed some member information may have been compromised as part of a ransomware attack that began five weeks before its systems were knocked offline in late June and the attack became public knowledge.

DENVER–The GoWest Credit Union Association has announced the finalists for its 2024 GoWest Awards.

WASHINGTON—Candidates supported by America’s Credit Union PAC and state leagues won across three states Tuesday.

SAN FRANCISCO–Wells Fargo has reached an agreement to sell the majority of its commercial mortgage servicing business to global loan services provider Trimont.

RALEIGH, N.C.–Civic Federal Credit Union has selected Velera to provide it contact center services and support.

EDWARDS, Calif.—Edwards FCU has reached out to members with a statement apologizing for the “recent challenges we've faced together during the launch of our new online and mobile banking services.”

NEW YORK—Consumer debt has markedly risen in the last few years amid a challenging economic environment for consumers that has contributed to delinquency rates rising to their highest levels in more than a decade, according to a new report.

DENVER–To help mark its 90^th anniversary, Westerra Credit Union is getting ready to offer a five-month share certificate paying an eye-catching 9.00% APY (8.648% dividend rate).