OTTAWA, Canada—Canada has introduced legislation to establish a new federal Financial Crimes Agency, marking a significant escalation in the country’s effort to combat money laundering, fraud and other illicit finance risks.
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ST. PAUL, Minn.—Banks and credit unions in Minnesota will be permitted to offer certain cryptocurrency custody services beginning Aug. 1 under legislation signed into law Friday by Gov. Tim Walz, a move supporters said will allow state-chartered financial institutions to compete with emerging digital-asset providers, according to TradingView.
WASHINGTON—America’s Credit Unions joined four major financial trade groups in urging the Consumer Financial Protection Bureau to move quickly on targeted mortgage regulatory relief tied to President Trump’s March executive order aimed at expanding access to mortgage credit.
MILWAUKEE--Corporate Central Credit Union President and CEO Chris Felton has been named a 2026 Credit Union House Hall of Leaders honoree, a national recognition that honors individuals whose leadership and service have made a significant impact on the credit union movement at the local, state and national levels, the organization announced.
WASHINGTON—The Defense Credit Union Council is urging House lawmakers to preserve and expand several long-sought credit union reforms in the final version of the amended “21st Century Housing Act,” warning that the current legislation provides broad relief to community banks while leaving credit unions at a competitive disadvantage.
WASHINGTON—America’s Credit Unions and the Defense Credit Union Council said Monday they are closely tracking a fast-moving week on Capitol Hill ahead of the Memorial Day recess, with stablecoin regulation, Bank Secrecy Act reform, housing legislation and interchange battles all emerging as major priorities for credit unions.
TAMPA--Despite a sharp increase in gasoline prices, consumers kept spending in April, posting strong growth in debit and credit card transactions and purchases, according to the May edition of the Velera Payments Index.
WASHINGTON—The top Democrats on the Senate Finance and Senate Small Business committees are demanding answers from the Small Business Administration over what they said was a failure to help small businesses struggling with the financial fallout from President Trump’s tariffs, including companies that allegedly turned to high-cost “predatory” lenders to cover tariff-related costs, Law360 said.
WASHINGTON--High level overviews of state regulations of digital assets, cryptocurrency, and blockchain are now available on America's Credit Unions website following an all-state survey on the issues providing the latest compliance data, ACU announced.
CHICAGO--Part of ongoing efforts against the Illinois Interchange Fee Prohibition Act, America’s Credit Unions and the Illinois Credit Union League have teamed up to produce and place multiple ads appearing in markets across the state.