TOKYO—Japanese crypto trading platform Liquid.com and Virtual Currency Partners (VCP) have joined hands to form a joint venture – Liquid Financial USA Inc. (Liquid USA) – to enter the US market.
Fresh Today
WASHINGTON–Two Democratic members of Congress say they will propose new laws capping loan interest rates as well as encouraging the Postal Service to get into the banking business, and credit unions are already pushing back.
PHILADELPHIA—During a town hall meeting here, CFPB Director Kathy Kraninger offered the rationale behind the Bureau's recently released proposed rulemaking related to third-party debt collection, saying the goal is to provide transparency.
WASHINGTON–The attorneys general from 38 states and U.S. territories have sent a letter calling on Congress to pass legislation to increases access to financial institutions by cannabis-related businesses.
MIAMI BEACH, Fla.–Why do consumers make the decisions they do? And why are some practices within the credit union so difficult to change? The answer to both questions is “habits,” according to one person, and habits can be changed if understood.
MIAMI BEACH, Fla.–What might the financial landscape look like in 2034, the 100th anniversary of the Federal Credit Union Act?
FT. LAUDERDALE, Fla.—Noting CECL can be a very daunting and data-driven process, one data analyst outlined what credit unions can expect from the new FASB standard and the steps they should be taking.
FT. LAUDERDALE, Fla.—As crooks continue to become more sophisticated with their payments crimes, one old-school method is still vexing the financial services industry—first-party fraud–according to both one expert and CUs themselves.
WASHINGTON–More than 120 consumer advocates from 29 states met with members of Congress as part of the third annual Consumer Lobby Day, where they called for stronger consumer financial protections for ordinary families, addressed predatory lending and forced arbitration clauses, and said there is a need for a “strong CFPB to enforce the rules of the road.”
WASHINGTON–The House Financial Services Committee has passed H.R. 2514, the “Coordinating Oversight, Upgrading and Innovating Technology, and Examiner Reform (COUNTER) Act of 2019,” which includes Bank Secrecy Act/Anti-Money Laundering (BSA/AML) relief for credit unions.