NEW YORK—Federal Reserve Governor Stephen Miran believes the rapid rise of stablecoins could become a major force shaping U.S. monetary policy.
Fresh Today
PURCHASE, N.Y.—‘Tis the season for spending—and scamming.
COLUMBUS, Ind.—Centra Credit Union President and CEO Rick Silvers will retire on Jan. 9 after nearly a decade leading the Indiana-based credit union through a period of significant growth and expansion.
LONDON— HSBC says it may take years to resolve litigation linked to the Bernard Madoff Ponzi scheme, as the bank reported a 14% drop in quarterly profit after booking a $1.1-billion charge related to the case, The Guardian reported.
SAN JOSE, Calif.—Venmo is expanding further into financial services through a new partnership with housing and commerce platform Bilt, PYMNTS reported.
WASHINGTON--The Defense Credit Union Council recently wrapped up two regional events aimed at strengthening collaboration and leadership across the credit union community, the organization said.
WASHINGTON—As lawmakers reconvene in Washington, fresh negotiations to end the ongoing federal government shutdown could carry a significant win for credit union industry stakeholders: the possible reversal of the mass reductions in force (RIFs) initiated since Oct. 1 — including the termination of staff at the CDFI Fund.
WASHINGTON—Credit-unions face a potential regulatory vacuum as the Trump Administration formally has determined the CFPB’s current self-funding mechanism unlawful—a move that could put the agency on a path to closure in early 2026 unless Congress steps in.
WASHINGTON--Leagues are working to keep credit union issues in front of policymakers during the government shutdown, ensuring these priorities are top of mind when government business resumes. Lawmakers, in these conversations and other outreach, are lauding how credit unions are supporting those impacted by the shutdown, America's Credit Unions said.
WASHINGTON--Indiana Credit Union League CEO John McKenzie will be retiring at year-end 2026 and the league board has named Chris Beaumont president, effective now, with a plan to transition him to the president/CEO role upon McKenzie’s retirement, America's Credit Unions reported.