WASHINGTON—The Federal Reserve is starting a new program to oversee banks’ crypto activities, and clarifying that lenders under its authority must get approval before engaging in digital-assets activities.
Fresh Today
AUSTIN, Texas–Tesla has introduced a new 84-month auto loan term for buyers of its vehicles.
RALEIGH, N.C.– The Coastal Credit Union Foundation has made a grant to RIP Medical Debt that has helped erase nearly $2.2 million in medical debt owed by central North Carolinians.
SANDESTIN, Fla. – The fintech Glide was selected as the winner of a Shark Tank-like competition held as part of the League of Southeastern Credit Unions & Affiliates inaugural VISION Conference.
SNELLVILLE, Ga.– The African-American Credit Union Coalition (AACUC) has elected its 2023-2024 Executive Committee and announced new members for its national board of directors.
WESTERLY, R.I.– Westerly Community Credit Union has launched a new fixed-rate mortgage program for first-time homebuyers called “Welcome Home.”
NEW YORK–Credit unions have been among the primary drivers of asset growth in community development financial institutions (CDFIs), according to a new report from the New York Fed.
WASHINGTON—The Stop Fentanyl Money Laundering Act has advanced out of the House Financial Services Committee.
MEXICO CITY—Remittances to Mexico totaled $5.57 billion in June, just under the all-time high reached the month before, but that figure is dampened in real terms due to the sharp appreciation of the peso against the dollar, Reuters reported.
LOS ANGELES—Karat Financial, a financial services platform for creators, has raised $70 million in a combination of debt and equity financing aimed at building a new kind of personal credit card.