WASHINGTON—As the value of Bitcoin fluctuates after a huge surge, the U.S. Securities and Exchange Commission is warning that investors should "exercise caution" with cryptocurrencies such as Bitcoin, noting state and federal regulators may not be able to recoup any lost investments from illegal actors.
WASHINGTON--The House of Representatives Thursday passed the Home Mortgage Disclosure Adjustment Act (HR 2954), legislation introduced by Rep. Tom Emmer (R-MN).
WASHINGTON—Credit unions are getting close but have not yet reached 10% of the overall national mortgage market, having taken a slight step back from a year earlier.
WASHINGTON—NAFCU this week met with CFPB staff to discuss the next steps in the Bureau's implementation of Section 1071 of the Dodd-Frank Act, which would require financial institutions – including credit unions – to collect small business-related information and report it back to the CFPB.
DENVER—A bill introduced by Colorado Rep. Ed Perlmutter (D) that would allow banks to serve marijuana-related businesses without fear of penalties from the federal government got a boost this week from a bipartisan coalition of state attorneys general.
WASHINGTON—Colorado’s two senators, Sen. Michael Bennet (D) and Sen. Cory Gardner (R), have sent a letter to the Financial Crimes Enforcement Network urging it to retain its Feb. 14, 2014 guidance for financial institutions that serve marijuana businesses.
LENEXA, Kan.–CommunityAmerica Credit Union has announced it is returning $8 million as part of a “Profit Payout” to members.
MADISON, Wis.– CUNA Mutual AdvantEdge Analytics has announced three credit unions have selected it to build their advanced analytic platforms and services to gain better member insights.
WASHINGTON—All Federal Reserve districts reported at least modest economic growth through the end of 2017, with the Dallas Fed district recording a "robust" increase, according to the latest Federal Reserve Beige Book data.
VAN NUYS, Calif.—Los Angeles Police Federal Credit Union has named a new CEO. The $906-million LAPFCU said Edwin "Ed" Hada is now leading the CU, which has 39,400 members.
