WASHINGTON – Despite COVID-19, remittance flows remained resilient in 2020, registering a smaller decline than previously projected, a new report shows.
Fresh Today
BISMARCK, N.D.–To honor his 52 years of leadership in credit unions, the Dakota Credit Union Association (DakCU) with support from the South Dakota and North Dakota Governmental Affairs Committees, have renamed the GAC Scholarship as the Roger Heacock GAC-HTH Scholarship.
MADISON, Wis.—USAID and the Worldwide Foundation for Credit Unions said they have released an initial disbursement from a $1 million liquidity fund to the Ukrainian United Credit Union (UUCU), the central financing facility for 54 Ukrainian credit unions.
WASHINGTON–The House has passed a bill on debt collection that is opposed by CUNA but supported by consumer groups, more than 80 of which had called for its passage.
WASHINGTON–Two Republican lawmakers have introduced a bill in Congress to federally legalize marijuana, protect banks that service state-legal cannabis business and ensure military veterans are specifically permitted to use marijuana in compliance with state laws.
ARLINGTON, Va.—On a seasonally-adjusted basis, overall consumer prices rose 0.8% in April, with the Bureau of Labor Statistics reporting the overall consumer price index (CPI) grew 4.2% over the 12-month period.
LINCOLN, Neb.—Nebraska is contemplating a bill that will allow state banks to offer cryptocurrency services.
ATLANTA–The Federal Reserve Bank of Atlanta said it has formed a Special Committee on Payments Inclusion that is focused on finding solutions for “cash-reliant individuals to become better connected to the economy, including to innovative financial services.”
ALEXANDRIA, Va.–NCUA will host a webinar on May 26 to provide credit unions with important information about protecting their organizations and their members from cyberattacks.
MADISON, Wis.–The Worldwide Foundation for Credit Unions, the fundraising and engagement arm of World Council of Credit Unions, is reporting that in its first month credit unions have donated nearly $300,000 in response to the CUNA Mutual Challenge.