WASHINGTON– The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board have issued a joint letter demanding that the crypto brokerage firm Voyager Digital cease and desist from making “false and misleading statements” concerning the company’s FDIC deposit insurance status and take immediate corrective action to address these false statements.
WASHINGTON–The Treasury Department has announced a new “Climate Data and Analytics Hub” pilot program.
NORTH AUGUSTA, S.C.–SRP FCU has named a new president and CEO.
WASHINGTON–The Community Development Financial Institutions Fund said it will hold an informational conference call for those CDFIs that are currently in a Certification cure period related to the submission of a 2021 or 2022 Annual Certification and Data Collection Report (ACR).
GREENSBORO, N.C.–Registration has opened for Vizo Financial’s 2022 Summer TechCon. The virtual event is scheduled for Aug. 23-24 and is free.
WASHINGTON–The House Committee on Financial Services has passed a bill opposed by both credit union trade associations, H.R. 4277, the Overdraft Protection Act.
ALEXANDRIA, Va.–NCUA said it will host its third DEI Summit on Nov. 2-4 in northern Virginia. It will also be available virtually.
TUKWILA, Wash.– Boeing Employees’ Credit Union has filed an official notice of a data breach with various government entities after it learned of a network security incident at a third-party vendor affecting members, according to a report.
NEW YORK–The rate hike announced by the Federal Reserve this week will slow down U.S. economic growth to 2.3% in 2022, according to an analysis by GlobalData.
WASHINGTON—"Fervent" opposition is being expressed by one credit union trade association after Sens. Richard Durbin (D-IL) and Roger Marshall (R-KS) introduced the Credit Card Competition Act of 2022, which seeks to expand upon the “Durbin Amendment,” which was enacted in 2010 as part of the Dodd-Frank Act.
