WASHINGTON— The lack of a clear regulatory environment and appropriate supervisory framework poses risks to the adoption of otherwise promising technologies, such as digital assets, according to a letter sent by NAFCU ahead of a Senate Banking Committee hearing on the President’s Working Group (PWG) on Financial Markets’ report on stablecoins.
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WASHINGTON—Concerns around the allocation of error resolution responsibilities in the context of peer-to-peer (P2P) payments have been shared in a letter to the CFPB from NAFCU, which was responding to the agency’s request for comment regarding its Paperwork Reduction Act (PRA) notice for Regulation E.
WASHINGTON—CUNA said it strongly supports the Financial Crimes Enforcement Network's (FinCEN) efforts to conduct a review of the Bank Secrecy Act, sharing several examples of burdens the trade group said BSA places on credit unions.
WASHINGTON–Three federal agencies with oversight of the nation’s banks have released the 2021 Shared National Credit (SNC) Review Report.
ONTARIO, Calif.–The current state of a historically unusual labor market will not be reaching some “sense of normalcy” in California and Nevada until sometime between 2023 – 2025, according to a new forecast from the California and Nevada leagues.
WASHINGTON–Ahead of National Love Your Pet Day on Feb. 20, a coalition of consumer groups have launched a campaign to stop one bank from making what they call “predatory puppy loans.”
GEORGETOWN, Del.–The number of executive positions being added to CUToday.info’s free job board, the Gig, continues to grow, with the latest addition being a CU seeking a new president and CEO.
MADISON, Wis.–The World Council of Credit Unions is encouraging its member associations and credit unions to apply for its 2022 Digital Growth Award, which will recognize one or more member credit union associations or individual member credit unions for successfully working toward its Challenge 2025 goal of “expanding digital transformation across the globe.”
GREENVILLE, Tenn.–Consumer Credit Union said it has finalized an investment in CU Community, LLC, dba 7 Mortgage, a Knoxville-based CUSO.
WASHINGTON–The Consumer Financial Protection Bureau said it is taking action to halt prepaid card providers illegally siphoning money away from Americans through exclusive government benefit contracts.