WASHINGTON— Congressional action may be needed for NCUA to achieve full modernization with industry standards and practices, NAFCU told the agency in a letter.
Fresh Today
NEW YORK—Cryptocurrency has passed a major milestone—reaching a market capitalization of $2 trillion.
WASHINGTON—The Treasury Department is set to clarify that only cryptocurrency companies it considers brokers will need to comply with proposed IRS reporting requirements, aiming to quell concerns over a provision in the bipartisan infrastructure bill passed by the Senate.
LONE TREE, Colo.—Canvas Credit Union has launched a new promotion offering members the opportunity to win a 2021 Ford Bronco Sport and $15,000 cash to help cover taxes, registration, and fees to anyone who opens a checking account at one of its two branches in Castle Rock, Colo.
WASHINGTON–With student debt at record levels, the ROI on a college degree has been under increasing scrutiny.
SEOUL, South Korea—The Bank of Korea has revealed plans to initiate its central bank digital currency (CBDC) pilot by the end of August.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has assessed a civil money penalty of $100 million against BitMEX, one of the oldest and largest convertible virtual currency derivatives exchanges, for violations of the Bank Secrecy Act (BSA) and FinCEN’s implementing regulations.
WASHINGTON—Credit unions looking to begin serving small businesses will learn key considerations by attending the new CUNA Serving Small Businesses eSchool Wednesdays, Sept. 1 through 22.
ARLINGTON, Va.–One of the strongest indicators of pent-up consumer demand following the coronavirus-related lockdowns of 2020 can be seen in the surging credit card balances of many Americans. But one CU economist said he does not believe consumer card spending has hit a point where there is any reason to worry.
NEW YORK–It isn’t just credit unions that are moving to require employees to be inoculated against COVID-19, numerous other employers are now informing job applicants they will need to provide proof of vaccination if they want to be considered for a position, according to one new report.