SYDNEY, Australia—Australia’s Council of Financial Regulators’ has endorsed the country’s treasurer’s plans to create rules for cryptocurrency and digital assets and has mapped out next steps.
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LONDON—Fintech and other factors have been so disruptive it has forced banks in the United Kingdom to start closing their branches at a rapid rate, new research suggests.
BASEL, Switzerland—The Bank for International Settlements (BIS) is setting up a task force on defining common features of cross-border payment service levels.
DUBLIN, Ireland–This country’s credit unions have started to recover from the collapse in lending that was caused by the pandemic, but are still struggling to find members looking to borrow, according to a new analysis.
MOSCOW—Russia’s central bank wants to ban investments in cryptocurrencies in the country, saying it sees risks to financial stability in the rising number of crypto transactions, The Hindu reported, citing two financial market sources close to the bank.
ARLINGTON, Va.–With the second half of the 117th session of Congress now underway, an already tenuous road to any CU-favored legislation being passed will now be made even more difficult by the fact is an election year for the entire House and for more than a third of the Senate.
POMONA, Calif. – Pomona Postal FCU has merged into Anaheim, Calif.-based Credit Union of Southern California (CU SoCal), according to NCUA, which has been operating the credit union under conservatorship since Nov. 5, 2021.
RIVERWOODS, Ill.–A survey that seeks to gauge perceptions of regulatory and risk trends has found a 21-point increase over the same survey conducted one year earlier, as financial institution leaders express anxiety over disruptions caused by the ongoing pandemic as well as growing compliance and reputational risks.
NEW YORK–NEW YORK–Inclusiv is reporting it has joined the board of managers for Dora Financial, an initiative launched by four credit unions that seeks to provide services digitally to low-to-moderate-income individuals who are currently underserved by financial institutions.
ARLINGTON, Va.–NAFCU has released a new quarterly report offering a national overview of trends in the credit union industry.