OMAHA, Neb.–The vice chairman of the multinational conglomerate Berkshire Hathaway is calling for greater federal oversight of cryptocurrencies, saying that currently crypto is little more than a “gambling contract with a nearly 100% edge to the house.”
Fresh Today
BROOKFIELD, Wis.—Nearly 30 years after its introduction as a method for consumers to pay for rentals at Blockbuster Video, the gift card has “evolved from a trendy holiday gift to a multi-purpose tool being put to use in new and innovative ways,” a new study shows.
NEW YORK—In what may be another take on buy now, pay later (BNPL), Splitit and Alipay have formed a partnership to drive a “Pay After Delivery” option for shoppers on AliExpress.
ARLINGTON, Va.—Total vehicle sales saw robust growth at the beginning of 2023 rising from 13.9 million annualized units in December to 16.2 million units in January, with monthly sales levels rising 7.2% year-over-year. Meanwhile, CUNA has released its inaugural Credit Union Auto Lending Report, which offers insights on trends in auto lending among credit unions.
MADISON, Wis.–With the Federal Reserve having again raised rates at its latest meeting, the question for many is when will the next recession take place. The answer, according to CUNA Mutual’s chief economist, is later this year.
MADISON, Wis.—CUES said it will be honoring Black History Month 2023 by providing content and updated resources on cues.org and CUmanagement.com. That content will celebrate diversity and honor and educate on the legacy of Black Americans, CUES said.
RALEIGH, N.C.–Some changes being made—especially around risk-based lending—and other moves put in motion by the new CEO at the nation’s second-largest credit union have drawn the attention of local media in this state.
NEWARK, Ohio – TrueCore Federal Credit Union has named a new president and CEO.
ALEXANDRIA, Va.—CUNA President/CEO Jim Nussle, EVP/Chief Advocacy Officer Robert Lewis, and Deputy Chief Advocacy Officer for Federal Government Affairs Jason Stverak met with NCUA Chairman Todd Harper to discuss credit union priorities.
ARLINGTON, Va.–NCUA has sent a Regulatory Alert to credit unions regarding a change to HMDA’s closed-end loan reporting threshold.