WASHINGTON–The Securities and Exchange Commission has reached a $100 million settlement with BlockFi Lending over registration failures. The settlement comes after the SEC warned in late 2021 that it would be taking action against cryptocurrency firms offering loan products that failed to register them as securities or to register themselves as investment companies.
Fresh Today
WASHINGTON—International financial institutions have received the go-ahead from the U.S. Treasury Department to allow money transfers to Afghanistan for humanitarian purposes, including an OK for aid groups to pay teachers and healthcare workers at state-run institutions without issue.
WASHINGTON–Attendees at CUNA’s upcoming GAC will no longer need to verify their coronavirus vaccine status in order to the attend the event, following a change in requirements to enter indoor venues by the District of Columbia.
WASHINGTON—Credit union loans outstanding increased 1.0% in December, compared to a 0.6% increase in November of 2021 and a 0.2% increase in December of 2020, according to CUNA’s latest Monthly Credit Union Estimates.
WASHINGTON—Additional guidance related to digital assets, fraud, and cyber-enabled crime is needed, according to NAFCU.
RALEIGH, N.C.–Coastal Credit Union is reporting it issued more than $4.1 million in special dividends to eligible members through its Loyalty Bonus program, while its overall giveback to members amounted to more than $41 million.
WASHINGTON–With the threat of government funding again looming over Washington—with one senator objecting to what she said would be federal funding over crack pipes—Congress nevertheless has a number of hearings on its agenda of interest to credit unions.
MAHNOMEN, Minn.–Two Minnesota credit unions are seeking to merge.
MADISON, Wis.–Filene has released a new report based on work and innovation already taking place in New Mexico around providing financial services to victims of domestic violence with a goal of creating a scalable financial model that can be easily developed and adopted by credit unions, services providers, and healthcare partners in communities across the country.
ALEXANDRIA, Va.–After previously serving at CUNA, Elizabeth A. Eurgubian has been named by NCUA as director of external affairs and communications and policy advisor.