WASHINGTON–The “big banking debate” continues to heat up in the wake of the failures of Silicon Valley Bank and Signature Bank.
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WASHINGTON—Rep. Stephen Lynch (D-MA) is expressing concern over the possible effects of a central bank digital currency (CBDC) and is asking Federal Reserve Chairman Jerome Powell to consider whether there is potential for a tokenized version of the U.S. dollar to wipe out other digital assets.
GRAND RAPIDS, Mich.–The National Association of Credit Union Services Organizations (NACUSO) has selected the finalists for the Next Big Idea Competition, which will be held when the organization holds its Network meeting on March 28 in Las Vegas.
MADISON, Wis.–The World Council of Credit Unions and the Worldwide Foundation for Credit Unions will host a webinar titled “Cooperative Voices: Transforming Lives by Bridging Credit Union Gaps” on March 23.
RENO, Nev. – Wally Murray, president and CEO of Greater Nevada Credit Union (GNCU), has announced retirement plans after 35 years at the credit union.
WILLIAMSPORT, Penn.–Horizon Federal Credit Union has published a new book: “Hedgie Buys a Bike.”
WASHINGTON – A new report from the National Consumer Law Center has been released that seeks to delve into the “dizzying array of junk fees” renters can face when they try to find and keep rental housing.
ANNAPOLIS, Md.—A bill in the Maryland legislature would create a new $2.5-million venture capital fund for financial technology firms with the goal of increasing access to banking services in low-income neighborhoods—as well as make it less expensive for FIs to establish branches.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has informed U.S. financial institutions that the Financial Action Task Force (FATF) has suspended the Russian Federation’s membership from FATF.
PLYMOUTH, Mich.–Community Financial Credit Union said it distributed nearly $800,000 in donations to 289 organizations across Michigan during 2022. That included$80,000 toward tornado relief for the city of Gaylord, $45,000 in grants to 12 area public school districts, $60,000 to local food pantries via “Thankful Thursdays,” and $40,000 toward its Warming Hearts and Homes initiative, the credit union reported.