WASHINGTON–The House of Representative has passed the credit union-supported Credit Union Board Modernization Act, which would allow federal credit union boards to meet at minimum six times per year instead of the current once per month.
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SPRINGFIELD, Ill.–In a proposal that would also affect the state’s credit unions, the Illinois Department of Financial and Professional Regulation (IDFPR) has issued a notice of proposed rules to implement the newly passed Illinois Community Reinvestment Act (ILCRA).
TULSA, Okla.–A popular supporter of the Kansas City Chiefs well-known as “Chiefsaholic” and recognizable for never missing a home game and dressing as a wolf is now known for something else: allegedly robbing a credit union.
BOULDER CITY, Nev.–A representative of Amazon Web Services has been added to the list of those who will be “shaking things up” at the upcoming Underground Collision in Washington.
ALEXANDRIA, Va.—NCUA will host a webinar today discussing its 2023 Supervisory Priorities Letter to Credit Unions.
PHOENIX–An Arizona State senator has introduced a set of cryptocurrency bills, one of which would make bitcoin legal tender.
WASHINGTON—Sen. Elizabeth Warren (D-MA) is praising the country's securities regulator and efforts by its chief, Gary Gensler, to police the crypto industry and is calling for lawmakers to give the watchdog the necessary resources and authority to continue that oversight.
NEW YORK—Banking as a service (BaaS) is on track to become a big business very soon, a new report asserts.
WASHINGTON–With the Federal Reserve almost certain to again hike rates when it meets next in early February, a new consumer poll finds most Americans expect inflation will continue to get worse.
WASHINGTON–Credit unions, their vendors and CUSOs are joining other companies in assessing what the Federal Trade Commission’s proposed ban of noncompete clauses in employment contracts could mean for worker mobility, wages and the way future compensation agreements are structured.