BASINGSTOKE, U.K.– A new forecast predicts substantial growth of 190% in network-tokenized transactions, with volume reaching 400 billion globally in 2028, up from 140.3 billion in 2023.
Fresh Today
SEATTLE—Amazon continues to expand its financial services footprint, most recently by allowing retailers to integrate its BNPL offering, Amazon Pay, within their online checkout.
ALEXANDRIA, Va.–The NCUA board has voted 3-0 to approve an update to rules governing participation loans, eligible obligations, and indirect lending, with a focus on making it easier for credit unions to engage with fintechs and to make loans.
ALEXANDRIA, Va.–The deterioration in CAMELS code ratings among credit unions is evident in new data related to the National Credit Union Share Insurance Fund’s performance, even as the fund’s equity ratio ticked slightly up in the second quarter, according to a report made to the NCUA board.
ALEXANDRIA, Va.–During the NCUA board meeting, Board Member Rodney Hood and agency CFO Eugene Schied engaged in a lengthy Q&A related to the performance of the National Credit Union Share Insurance Fund.
ALEXANDRIA—When the NCUA board gathers today the meeting should be brief, with only two items on the agenda.
NEW YORK— A new report has found 8% of consumers have now used buy now, pay later credit financing for online purchases in the last year, doubling the increase since 2021.
WASHINGTON—NAFCU and CUNA have each sent letters to NCUA identifying concerns under the proposed joint agency guidance for reconsiderations of value (ROV) of residential real estate valuations.
WASHINGTON—NAFCU, CUNA, and the Defense Credit Union Council (DCUC) have urged the Senate to oppose the effort by Sen. Josh Hawley (R-MO) to attach his Capping Credit Card Interest Rates Act (S. 2760) as an amendment to a proposed “minibus” appropriations bill.
PANAMA CITY, Fla. - Bay Credit Union and FLAG Credit Union, the latter of which has been operating as a division of Bay CU, will introduce new branding effective Sept. 28. The credit union will then become Hello Credit Union.