LONDON—The U.K.'s Metropolitan Police reported it has seized $250 million worth of cryptocurrency, breaking a record set just three weeks prior for the largest crypto seizure in the country and most likely in the world.
Fresh Today
ALEXANDRIA, Va.–With one board member saying he was doing so “begrudgingly,” the NCUA board has voted 3-0 to put out for 60-day comment proposed rulemaking around the Complex Credit Union Leverage Ratio.
ALEXANDRIA, Va.–The NCUA board is strongly encouraging credit unions--as well as those outside the industry--to provide thoughts, suggestions and concerns around digital assets and other developing technologies as it looks to provide guidance and set rules.
ALEXANDRIA, Va.–When the NCUA board meets today it will have two items on the agenda, after pulling one item that had originally been listed for discussion.
WASHINGTON—Credit union loans outstanding increased 0.8% in May, an improvement over the 0.6% increase in April of 2021 but still trailing the 1.1% increase in May of 2020, according to CUNA’s latest Monthly Credit Union Estimates.
ALEXANDRIA, Va.–The former CEO of a federal credit union who was cited by NCUA for creating operational deficiencies, who was denied a position on the CU’s board and who alleged the agency retaliated because of his political views, has had his appeal to join the board denied by NCUA.
WASHINGTON—Ahead of a House Financial Services Subcommittee hearing on expanding access to the financial system at which legislation under consideration includes a proposal to allow all federal credit unions the ability to add underserved areas to their FOM, NAFCU sent a letter to the subcommittee supporting these efforts.
WASHINGTON–Additional details have been released around a meeting at the White House with Treasury Secretary Janet Yellen and other banking regulators that focused on growing concerns over the use of “stablecoins” without a regulatory framework.
ST. PETERSBURG, Fla.–PSCU has announced a number of board changes.
MONETT, Mo. – Not surprisingly, a new survey of bank and credit union CEOs said they plan to invest more in financial technology over the next two years. The same survey also revealed additional plans for investments and focus in the near future.