WASHINGTON – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned virtual currency mixer Tornado Cash, which has been used to launder more than $7 billion worth of virtual currency since its creation in 2019.
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MENLO PARK, Calif.—Instagram has announced that its NFT feature will be available in 100 more countries, along with the integration of Coinbase Wallet, Dapper Wallet, and Flow blockchain, BeInCrypto.com reported.
WASHINGTON—Credit unions designated as Community Development Financial Institutions (CDFIs) have until Sept. 22 to apply for grants under the CDFI Fund’s new Equitable Recovery Program, which will provide approximately $1.73 billion in grants for CDFIs as they respond to the economic impact of the coronavirus pandemic.
WASHINGTON—The Federal Trade Commission is now soliciting public feedback through an advance notice of proposed rulemaking (ANPR) as part of an effort to mitigate harmful commercial surveillance and relaxed data security practices.
WASHINGTON–Minutes released from the Fed’s July meeting make clear it remains concerned over inflation and even predicts a slowdown in housing—but it anticipates pushing rates up again when it meets in October.
PORTLAND, Ore.–Unitus Community Credit Union has launched the first phase of its “Distributed Administrative Network” strategy through which it will seek to “establish multiple locations for employees to work, collaborate, and connect in spaces that are more conducive to do so.”
ARLINGTON, Va.—Total retail sales stayed flat in July following an increase of 0.8% in June, new federal data show.
WASHINGTON—NAFCU is asking the CFPB to provide more guidance on Regulation E, saying it finds “deeply troubling” recent reports that suggest the CFPB may expand related liabilities to further encompass fraudulently induced transfers initiated by a consumer.
FORT WAYNE, Ind.–Two Indiana credit unions have announced their intent to move.
CHICAGO—Raddon has announced the winners of its 2022 Crystal Performance Awards.