PHOENIX—The Arizona has advanced the Arizona Strategic Bitcoin Reserve (SBR) Act (Senate Bill 1025) out of committee, positioning it to become the first U.S. state to vote on legislation that would authorize investing state funds in Bitcoin, Bitcoinist reported.
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ELIZABETHTOWN, Tenn.—Two credit unions have announced leadership moves.
BURBANK, Calif. –The $1.45 billion Farmers Insurance FCU has named Mirella Reznic CEO.
WASHINGTON—Leaders of the House Financial Services Committee are being asked to ensure the committee adopts policies that support both credit unions and community banks as the HFSC prepares to hold a hearing next week titled, “Make Community Banking Great Again.”
WASHINGTON—NCUA has an updated proposal for new reporting requirements on the maturity distribution of total uninsured shares and deposits to Call Reports. America’s Credit Unions shared concerns about additional expenditure of staff and financial resources this move would require in a letter to the agency.
GOLDEN, Colo.—Well-known credit union cannabis banking pioneer, Sundie Seefried, plans to retire from her role as CEO of Safe Harbor Financial at the close of February, the organization said.
ST. PETERSBURG, Fla.—Velera has introduced its Card on File solution, which enables cardholders to seamlessly update payment methods across more than 115 merchants.
WASHINGTON— The CFPB has published a report showing that United States servicemembers pay higher costs and face greater financial risks than civilian borrowers when taking out credit to buy a car.
WASHINGTON – The Federal Reserve chose to keep rates the same Wednesday, giving no indication it plans to lower rates in the near term.
ALEXANDRIA, Va.— NCUA Chairman Kyle Hauptman has named Sarah Bang NCUA chief of staff and senior policy advisor, the agency announced.