LAS VEGAS–After reaching an all-time high of more than 39,100 in December 2022, the number of Bitcoin ATMs or crypto ATMs has significantly dropped this year.
Fresh Today
WASHINGTON—The Digital Currency Monetary Authority (DCMA) has announced the launch of an international central bank digital currency (CBDC). The announcement was made during the International Monetary Fund’s (IMF) Spring Meetings here.
NEW YORK–As CUToday.info has reported, in the wake of the failure of two banks, small and midsize U.S. banks lost hundreds of billions of dollars in recent weeks as funds flowed to larger banks and money market funds with higher yields. Now many of those smaller institutions—a relative term when CUs and banks are compared—are being forced to raise interest rates in order to stem the outflows, according to one new analysis.
WASHINGTON–The House and the Senate are back in session for a long work period that will run through Memorial Day.
MANCHESTER, N.H.–One credit union has announced a new president and CEO, while two other credit unions have announced CEO retirements.
TALLAHASSEE, FL – The League of Southeastern Credit Unions (LSCU) is reporting it has launched a “substantial campaign” to defeat state-level interchange legislation in Florida.
HEATH, Ohio–Two credit unions are reporting they have earned their community development financial institution (CDFI) designations from the Treasury Department.
WASHINGTON–The Supreme Court, in a unanimous decision, has ruled that people and businesses subjected to administrative proceedings at the Federal Trade Commission and the Securities and Exchange Commission can seek to enjoin, or block, those proceedings by suing in U.S. District Court and raising constitutional arguments there.
WASHINGTON—NAFCU and CUNA have joined with several other trade groups in sending a letter to the House Financial Services Committee warning of “the increasing threat credit repair scams pose to consumers and the credit markets.”
WASHINGTON—The Federal Housing Finance Agency (FHFA) has issued a request for comment as it begins a regulatory review and is seeking feedback on how its regulations could be more “effective and less burdensome.”