MINNEAPOLIS, Minn.—Forget digital assets. The whole idea can now be discarded following the collapse of prominent crypto exchange platform FTX, according to the president of the Federal Reserve Bank of Minneapolis.
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NEW YORK—Any future federal law regarding crypto should not collide with or overwrite existing state regulatory systems, according to New York Department of Financial Services (DFS) commissioner Adrienne Harris.
WASHINGTON—A cautious approach to cryptocurrencies has proven to be the right course for banks, and consumers would be wise to adopt a similar approach in their own financial lives, according to Acting Comptroller of the Currency Michael J. Hsu.
TAMPA, Fla. – Trellance is reporting it has entered into a definitive agreement to acquire the assets of Ongoing Operations, a provider of innovative information technology solutions for credit unions.
LANSING, Mich.–Credit unions in Michigan helped to raise $95,000 for Children’s Miracle Network (CMN) Hospital as part of the “Turn Up the Miracles” Radiothon held by 104.3 WOMC.
WASHINGTON–The Federal Trade Commission has joined the Consumer Financial Protection Bureau (CFPB) in filing an amicus brief that asks the appeals court to overturn a lower court decision that denied servicemembers the right to sue to invalidate a contract that they allege violates the Military Lending Act.
RICHMOND, Va.–Virginia Credit Union and the Richmond Strikers have entered into an agreement designed to expand access to youth soccer for children that will result in the naming of 11 fields on Pouncey Tract Road as Virginia Credit Union Fields at Striker Park.
MCLEAN, Va.—With the holiday shopping season now here, Capital One is putting some additional glitter into its rewards.
JERSEY CITY, N.J.–Shoppers using buy now, pay later (BNPL) financing are “redefining bargain hunting” this holiday season, according to a new survey.
LIMA, Peru—"Enko,” a mobile business development platform in Peru promoting the businesses of Venezuelans and Peruvians participating in the WOCCU Economic Inclusion Project’s (EIP) entrepreneurship development programs, has officially been launched in this country.