MADISON, Wis.–Changes recommended by the World Council of Credit Unions have been included in two finalized standards by the Basel Committee on Banking Supervision and the International Organization of Securities Commissions.
Fresh Today
WASHINGTON—The House of Representatives’ Ethics Committee recently released a memorandum mandating its members to disclose any cryptocurrency holdings valuing above $1,000.
PARIS—The Financial Action Task Force is planning to introduce new rules related to cryptocurrency exchanges this month.
NEW YORK—A new report indicates that the cash-back war is heating up, extending beyond credit cards—giving CU card portfolio managers more to think about.
HANGZHOU, China—Ant Financial Services has taken a strong step toward pushing its way into the international remittances business by lowering the cost of sending money using a blockchain-based platform.
SHREVEPORT, La.–Post Office Employees Federal Credit Union here has completed a rebranding and now sports a new name.
LONDON—For the first time, electronic debit card payments in the U.K. have outnumbered cash purchases.
WASHINGTON—Department of Housing and Urban Development (HUD) Secretary Ben Carson expressed his support for reform efforts that would strengthen the secondary mortgage market and bring the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac out of conservatorship.
SAN JOSE, Calif.—PayPal-owned Venmo has just launched a Mastercard-branded debit card.
TOKYO—The Japan Virtual Currency Exchange Association, a self-regulating body of 16 exchanges, has announced a plan for a new set of guidelines that are designed to prevent money laundering, insider trading, market manipulation, and to increase know-your-customer (KYC) requirements.