WASHINGTON–The Financial Crimes Enforcement Network (FinCEN) has put forth a proposal involving new requirements for certain transactions involving convertible virtual currency (CVD) or digital assets with legal tender. The proposal would require financial institutions to submit reports, keep records and verify customer identifies under certain circumstances.
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PARIS—The Bank of France has moved from conceptual and academic central bank digital currency experiments to trials in the field, CoinGeek reported.
WASHINGTON—The U.S. Securities and Exchange Commission (SEC) has filed an action against Ripple, the blockchain payments company associated with the cryptocurrency XRP, charging it with conducting a $1.3 billion unregistered securities offering.
WASHINGTON—Financial institutions are being warned to watch for fraud, ransomware attacks and other criminal activity related to the distribution of the coronavirus vaccine.
SANTA MONICA, Calif.–Total retail automobile sales for Q4 are expected to be up 0.6% from last year when adjusted for the same number of selling days, and up 34.2% from Q3 when adjusted for the same number of selling days, according to new data from TrueCar.
NEW YORK–Sales of new vehicles in the U.S. are expected to close 2020 down at least 15%, which would mark one of the industry's worst annual declines since at least 1980.
LOWELL, Mass.–Jeanne D’Arc Credit Union said it will begin offering a prize-linked savings account effective with the new year.
ARLINGTON, Va.—New-home sales declined 11% from October's downwardly revised rate of 945,000 annualized unites to 841,000 units in November.
ALEXANDRIA, Va.– NCUA Chairman Rodney Hood has issued a statement saying the extension of several COVID-19 relief measures in the Consolidated Appropriations Act, 2021 will ensure credit unions “can support their member-owners during the next phase of the pandemic.”
PLYMOUTH, Minn.–Members of Firefly Credit Union have voted in favor of merging into with TruStone Financial Credit Union.