WASHINGTON— Just how decentralized finance may affect efforts to stop financial crime is the subject of a new initiative by the Financial Crimes Enforcement Network (FinCEN), which is seeking feedback from various stakeholders.
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MIDDLETON, Wis. –The American Credit Union Mortgage Association (ACUMA) has announced the dates for its 2023 FOCALpoint Workshops. Registration is now open at acuma.org.
MCLEAN, Va.—Capital One has taken a unique approach with its new Venture X premium travel-rewards card, a new report suggests.
WASHINGTON— The cryptocurrency exchange Kraken has agreed to pay more than $362,000 to settle allegations it violated U.S. sanctions.
NEW YORK–Under the headline, “The $42 Billion Question: Why Aren’t Americans Ditching Big Banks?,” the Wall Street Journal offered various analysts’ thoughts on why more Americans aren’t moving their deposits to higher-paying institutions and continue to settle for “peanuts.”
ALEXANDRIA, Va.—The NCUA board will meet Thursday to finalize its 2023-24 budget, review the normal operating level (NOL) for the Share Insurance Fund (SIF) for 2023, and propose a rule related to financial innovation.
ALEXANDRIA, Va.–The failure of two credit unions during the time period of April—September of this year cost the National Credit Union Share Insurance Fund nearly $7 million, with nearly all of that represented by one CU, according to Semiannual Report to Congress by NCUA’s Office of Inspector General.
WATERBURY, Conn.— The former president of a Skyline Financial FCU has pleaded guilty to embezzling hundreds of thousands of dollars from the credit union, according to the U.S. Attorney’s Office for the District of Connecticut.
ARLINGTON, Va.—Total consumer credit rose 6.9% at a seasonally adjusted, annualized rate in October and is up 8.1% compared to a year ago.
WASHINGTON—Saying it supports the Consumer Financial Protection Bureau’s inquiry into tech companies’ payments practices, CUNA is also strongly encouraging the Bureau to “carefully examine and regulate these entities moving forward.”