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BISMARCK, N.D.–The Credit Union Association of the Dakotas has introduced a new “Member Engagement Rewards Program,” or MERP. According to the association, the program initiative amounts to $10,000 in member rebates and rewards for credit unions engaging in CUAD activities and programs, MERP has been in the works since the middle of 2015, according to CUAD.

RALEIGH, N.C.—The North Carolina Senate Finance Committee met last week to consider a proposed bill that would, among other things, clarify the state’s regulation of virtual currency and distributed ledger-related businesses.

NEW YORK–Commercial real estate prices are projected to fall as much as 5% in the next 12 months amid tightened regulations, a wall of debt maturities and property sales by publicly traded landlords, according to a new report by Pacific Investment Management Co. (PIMCO).

PURCHASE, N.Y.—In partnership with MasterCard, Microsoft Tuesday launched Microsoft Wallet to Windows insiders with general availability coming later this summer, MasterCard stated.

RANTOUL, Ill.—Credit Union 1 has become the second privately insured credit union approved for membership in the Federal Home Loan Bank (FHLB) system, according to a new report.

RANCHO-CUCAMONGA, Calif.—This week marks the beginning of a new chapter for CO-OP Financial Services, as Stan Hollen retires as president/CEO and Todd Clark steps in.

ALEXANDRIA, Va.—The Financial Stability Oversight Council’s 2016 annual report reaffirms the Council’s recommendation for granting NCUA authority to oversee third-party vendors, NCUA Board Chairman Rick Metsger said Tuesday.

LAWRENCEVILLE, Ga.–A new report indicates that car segment depreciation has consistently picked up since January.

WASHINGTON—NCUA has extended the deadline to comment on Call Reports to Aug. 15.

NEW YORK—Consumer credit defaults showed a slight decrease May, according to a new report. But at the same time all other credit categories showed a slight decline, bank cards ticked up slightly last month.