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WASHINGTON–Congress has scheduled several hearings of interest to credit unions this week.

WASHINGTON–President Trump said he is no fan of cryptocurrenices, including Facebook’s newly announced Libra. The president made the statements as Congress was holding hearings around cryptocurrencies, while the White House also hosted a “social media summit” made up primarily of conservative voices. During the summit, Trump said, “We have terrible bias, we have censorship like nobody has any understanding or nobody can believe.”

MEMPHIS–Ownership in the data processing CUSO Share One has changed, shifting from an employee and client ownership structure to a majority client-based credit union CUSO. 

GAINESVILLE, Fla.–Most leaders inside credit unions won’t be surprised to learn just how much time they spend at work selling ideas and convincing coworkers and subordinates to take action. In other words, time spent attempting to influence people. 

HAMPSHIRE, U.K.– New data from Juniper Research is forecasting the volume of domestic money transfers via mobile devices will exceed 203-billion in 2024, up from 130 billion in 2019. Domestic P2P payments will drive this growth; accounting for 80% of all domestic transfers in 2024, Juniper Research said.

WASHINGTON–A credit union executive here told the Senate Banking Committee it’s time for Congress to pass the SAFE Act, as the current situation related to banking cannabis businesses is a growing safety and risk concern.

HANGZHOU, China—With some experts continuing to predict digital wallet usage won’t take off in the U.S. until all of the “pays” begin working together, other countries appear to be ahead of that curve. 

MADISON, Wis.–The CUNA Marketing & Business Development Council is now accepting submissions for its 2020 Diamond Awards, which recognize credit union marketing and business development professionals for their original marketing campaigns that demonstrate creativity, strategy and proven results.