Fresh Today

AUSTIN—Members of the Texas House of Representatives have passed a bill that recognizes cryptocurrencies as a means of payment. 

WASHINGTON—The Federal Reserve System has proposed guidelines regional Federal Reserve Banks would use to evaluate requests for accounts and payment services.

WASHINGTON–Draft legislation in Congress that would give NCUA oversight authority over CUSOs and other third-party providers is getting a cool response from the credit union trade groups, although CUNA has indicated some receptiveness to agency oversight related to cybersecurity and anti-money laundering.

ARLINGTON, Va.–While the most recent accusations and responses between banks and credit unions may sound and look familiar, the banking industry and its trade groups may have found a way to narrow the focus of their attacks, according to one person.

WASHINGTON–Independent of each other, representatives of both NAFCU and CUNA have both called it a “busy week” on Capitol Hill, with numerous bills, hearings and an NCUA board meeting all on the agenda.

ARLINGTON, Va.—Total retail sales remained stable in April following March's upwardly revised spike of 10.7%. Of note, the February number was downwardly revised to a 2.9% slide. 

LIHUE, Hawaii–More than 700 households and more than $150,000 in rental assistance had been deployed at the end of the first week of Kauai’s 2021 Coronavirus Rental and Utility Assistance (CRUA) Program, in which Kauai Government Employees FCU is the administrator. 

RANCHO CUCAMONGA, Calif. – CO-OP Financial Services is reporting it has expanded its payments solutions with the rollout of digital card issuance for credit and debit cards. 

ALEXANDRIA, Va.–NCUA has released the list of rules it shall be reviewing this year. The agency’s rules require it to review one third of its regulations every year.

RIDGECREST, Calif.– AltaOne FCU has named a new president and CEO effective June 1.