FRANKENMUTH, Mich.—After a cryptocurrency setback within the CU industry following the collapse of FTX in late 2022 and the sudden departure of NYDIG within the CU industry not long afterward, new momentum for crypto is building.
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WASHINGTON—Ahead of Tuesday’s House Financial Services Committee hearing, “Dodd-Frank Turns 15: Lessons Learned and the Road Ahead,” America’s Credit Unions President/CEO Jim Nussle sent a detailed letter to Committee leaders urging targeted reforms to the Dodd-Frank Act and the CFPB’s regulatory structure.
WASHINGTON—The Defense Credit Union Council sent several letters to Capitol Hill Monday in advance of hearings and other matters of interest to credit unions.
WASHINGTON—The Senate and House are both in session in a busy week that includes a great deal of legislation that impacts credit unions.
MADISON, Wis.—The World Council of Credit Unions (WOCCU) has launched a strategic collaboration with Visa aimed at addressing one of the most "persistent" barriers to financial inclusion: the high cost, access and complexity of cross-border payments and remittances, WOCCU said.
NEW YORK—JPMorgan Chase plans to begin charging fintech firms for access to customer bank account data, according to a report from Bloomberg News.
MADISON, Wis.--At a July 10 executive team meeting between America’s Credit Unions and TruStage, leaders from both organizations came together at TruStage Headquarters here to "reaffirm" their long-standing partnership and identify new opportunities to advance the credit union system, ACU said.
WASHINGTON— In the CFPB’s lawsuit filed on Nov. 12, 2021, against FirstCash, Inc. and 19 of its subsidiaries for alleged violations of the Military Lending Act (MLA), the parties have reached a settlement and jointly submitted a stipulated final judgment and proposed order. If approved by the court, the agreement would resolve the case, the CFPB said.
PENSACOLA, Fla.— Rodrick Florence Jr., 35, has been sentenced in federal court to 72 months in prison after having previously pled guilty to bank fraud conspiracy and aggravated identity theft charges that involved several credit unions, including Navy FCU.
SACRAMENTO, Calif.— The California Department of Financial Protection and Innovation (DFPI) has fined Coinme $300,000 for crypto kiosk violations.