HAMPSHIRE, U.K.–A new report from Juniper Research has found that digital cross-border remittances will grow from $295 billion in 2021 to $428 billion in 2025, with digital transactions returning to pre-pandemic values by 2022.
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WASHINGTON—The federal government is planning further money laundering requirements for crypto-money service providers.
LONDON—The Financial Conduct Authority (FCA) estimates 2.3 million adults now hold cryptoassets (up from 1.9 million last year) in the United Kingdom, which is a 21% rise year-over-year, with 78% of adults having heard of cryptoassets.
CHICAGO–TransUnion’s May 2021 Consumer Credit Snapshot reveals accounts in financial hardship status have dropped significantly compared to one year ago.
MEMPHIS, Tenn.–A new survey and analysis offer some insights into how consumer banking behaviors are changing or reverting as pandemic restrictions are lifted.
PETERBOROUGH, N.H.–New approaches to overdrafts being taken by banks has started to earn some national attention.
SACRAMENTO, Calif. — Credit unions in at least one state may be spared the difficulties in helping members who suddenly face overdue rent bills. But they may also face an influx of new deposits as the result of a state-level stimulus.
PORTSMOUTH, N.H.–Northeast Credit Union has selected a new president/CEO to succeed the retiring Timothy Collia.
DOVER, Del.–CU NextGen, a new CUSO that provides technology and automation solutions, is reporting a successful initial share offering during which it said it raised $9.25 million in capital from 10 different credit unions, exceeding its goal of $7 million.
HONOLULU–Hawaii has just enacted significant legislation to reform the state’s small-dollar loan market and prohibit balloon-payment payday loans.