WASHINGTON—There was little change in economic activity overall in April and early May, with consumer expenditures were steady or higher in most Federal Reserve districts, according to the Fed’s latest Beige Book data.
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WASHINGTON–Progress away from the once nearly ubiquitous LIBOR standard for setting rates, which is set to cease operations as of June 30, is “progressing smoothly,” according to a new report
ALEXANDRIA, Va.–NCUA said it is designating June as Minority Depository Institution Awareness Month to “enhance the public’s understanding of the vital work minority depository institution credit unions perform in underserved communities nationwide,” while separately also announcing it has opened the comment period for its charitable donation accounts proposed rule.
WASHINGTON—CUNA will host a webinar on the new FedNow service on June 13.
HAPEVILLE, Ga.– Atlanta Postal Credit Union has broken ground on a new 100,000-square-foot headquarters on a 10.5-acre site in south Atlanta, near the intersection of I-75 and Highway 41.
COLUMBUS, OH — Corporate One FCU is being featured in the Federal Reserve’s FedNow Service Provider Showcase, an online resource designed to connect financial institutions with information on the new FedNow Service, which offers instant payment solutions.
AUSTIN, Texas– Greater Texas Credit Union and its Aggieland subsidiary have launched a new virtual assistant system to respond to member inquiries.
TUSCALOOSA, Ala.–In support of its “We’ll earn your smile” mantra, Alabama Credit Union has introduced a billboard featuring the phrase as a headline with artwork of a local middle school student.
LONDON–While cryptocurrency is largely perceived as the domain of younger people, a new report has found elderly individuals are increasingly being victimized in crypto-related fraud.
MADRID, Spain—The International Organization of Securities Commissions (IOSCO) has introduced what it said is the first global approach to regulating crypto asset and digital markets.