BASEL, Switzerland—The Bank for International Settlements (BIS), which serves central banks in their efforts to promote monetary and financial stability, is arguing permissionless cryptocurrencies are not suited to serve as the basis of a monetary system, although the bank acknowledges there are niche areas where cryptocurrency can provide improved efficiencies.
WASHINGTON–The House has passed a bill containing a provision that delays implementation of NCUA’s risk-based capital rule.
MADISON, Wis.–Total borrowing at credit unions was up 1.1% in April over one year earlier, while the pace of new credit union memberships cooled a bit over the previous month, with CU membership up a modest 358,000.
ATLANTA—Prospective auto buyers view credit checks and pre-approval processes differently depending on where they are in the buying process, a new study shows.
LAWRENCEVILLE, Ga.—The average price of a used vehicle for model years 2013-2017 decreased slightly in value (-0.3%) during May, with cars changing -0.7% and trucks -0.1%, according to Black Book.
ARLINGTON, Va.—The median sales price of new homes fell to $313,000 in May – the lowest level since April 2017 – as new-home sales rose 6.7% during the month.
MANCHESTER, N.H.–A grand opening ceremony will be held here today for the CUNA Research Center and Ensweiler Research Library at America’s Credit Union Museum.
WASHINGTON–A new white paper from CUNA has been provided to the Bureau of Consumer Financial Protection that supports the idea that “credit unions should be exempt from regulations targeted at other industry bad actors.”
SAN FRANCISCO–Wells Fargo is again being accused of misconduct, this time over the alleged use of allegedly complex financial investments to take advantage of small investors.
BROOKFIELD, Wis.–Fiserv announced that financial institutions now have a streamlined option to address the Financial Accounting Standards Board’s (FASB) pending Current Expected Credit Loss (CECL) standard.
