WASHINGTON—NAFCU is calling on Treasury to not “deter technological innovation” as it focuses regulation digital assets.
Fresh Today
MADISON, Wis.–Registration has opened for the World Council of Credit Unions’ World Credit Union Conference, scheduled for July 23-26 in Vancouver, British Columbia.
COLUMBIA, Md.–Credit unions in the District of Columbia, Maryland and Virginia have now raised more than $1.6-million toward their $3-million fundraising goal to go towardChildren’s National Medical Center, according to the MD|DC Credit Union Association.
NEW YORK–JPMorgan Chase & Co is reporting it has conducted its first live trade on a public blockchain. It is a demonstration of a technology credit unions are increasingly being told will change everything in finance from the financial transactions to crypto to automobile titles to mortgage deeds.
EAST LANSING, Mich.–Michigan State University FCU (MSUFCU) is reporting it has entered into a new relationship that will seek to member engagement campaigns from its mobile app, beginning with a Game Day campaign launching in conjunction with Michigan State football home games. This will be followed by Game Day campaigns for MSU women’s basketball, men’s basketball and men’s hockey, the credit union said.
WASHINGTON—A joint virtual meeting held by the CFPB's Credit Union Advisory Council (CUAC) and the Community Bank Advisory Council (CBAC) was also monitored by representatives from NAFCU.
MOUNTAIN VIEW, Calif.—Google is partnering with Coinbase to permit some customers to pay for cloud services with cryptocurrencies. The arrangement begins in early in 2023, CNBC is reporting.
SAN ANTONIO—SWBC’s insurance tracking and outsourced collections solutions have been added to AKUVO’s marketplace of integrated services.
NEW YORK—New York’s financial regulator is looking to bring some order to the cryptocurrency industry by using the state’s role as a financial-services leader to help set the regulatory agenda nationwide.
BEIJING—Transactions with China’s central bank digital currency exceeded 100 billion yuan in value ($13.9 billion) as of Aug. 31, 2022, rising from almost 88 billion yuan by the end of 2021, the People’s Bank of China (PBOC) announced.