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WASHINGTON—The Consumer Financial Protection Bureau has filed a proposed order to resolve its allegations that Performance SLC, a student loan debt relief business, and Performance Settlement, a general debt-settlement company, along with their owner and CEO, Daniel Crenshaw, engaged in wrongful fee-charging practices and deceptive telemarketing.

ATLANTA—Credit unions waiting to decide whether to offer members crypto-services don’t have long to make a choice, according to one person,  who believes adoption of cryptocurrency in the U.S. is outpacing the pace at which mobile banking took hold.

LONDON –Australia has long been a country that deserves credit unions’ attention, as it is often at the forefront of numerous financial services innovations. Now, U.S. CUs have another reason to look Down Under.

ATLANTA–The median U.S. household needed 42.9 weeks of income as of March 2022 to purchase an average-priced vehicle, according to the latest Cox Automotive/Moody’s Analytics Vehicle Affordability Index.

LONDON–The new sheriffs in town looking to tame what’s being described as the “Wild West” of finance—the cryptocurrency space—are, ironically, primarily in Europe, and many crypto-company leaders are none-too-happy with the new lawmen, according to a new report.

BROOKFIELD, Wis.–Fiserv and the Clearing House said they have entered into a collaboration that will allow thousands of financial institutions to simplify and accelerate the enablement of real-time payments for consumers and businesses.

ARLINGTON, Va.—The Nominating Ballot phase of NAFCU's 2022 board election has ended; official ballots will be sent to members May 11. The deadline for returning the ballots is May 25, the trade association said.

BEIJING—China's Internet Financial Association, the China Banking Association and the China Securities Association want to "resolutely curb" the tendencies of non-fungible tokens (NFTs) to be made into financial products and securitized and to limit the risk of illegal financial activities related to the tokens, the group said in a statement.

ARLINGTON, Texas – Texas Trust Credit Union has named Fred Trusty Senior Vice President of Marketing.