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WASHINGTON–Additional details have been released around a meeting at the White House with Treasury Secretary Janet Yellen and other banking regulators that focused on growing concerns over the use of  “stablecoins” without a regulatory framework.

CARMEL, Ind.—Allied Solutions, a provider of insurance, lending, risk management, and data enabled products to financial institutions, has acquired data modeling capabilities from Prescient Models. 

WASHINGTON—Ahead of a House Financial Services Subcommittee hearing on expanding access to the financial system at which legislation under consideration includes a proposal to allow all federal credit unions the ability to add underserved areas to their FOM, NAFCU sent a letter to the subcommittee supporting these efforts.

LONDON – Nearly four fifths (78%) of compliance professionals across the U.K.’s regulated industries predict more anti-money laundering (AML) regulation is on the way as a result of the U.K.’s exit from the European Union, according to new research released by LexisNexis Risk Solutions.

WASHINGTON—Credit union loans outstanding increased 0.8% in May, an improvement over the 0.6% increase in April of 2021 but still trailing the 1.1% increase in May of 2020, according to CUNA’s latest Monthly Credit Union Estimates.

EAST HARTFORD, Conn. – American Eagle Financial Credit Union (AEFCU) has made a $5,000 grant to the Boys & Girls Clubs of Hartford to assist the organization in continuing its 160-year legacy of servicing and protecting Hartford youth. 

ALEXANDRIA, Va.–With one board member saying he was doing so “begrudgingly,” the NCUA board has voted 3-0 to put out for 60-day comment proposed rulemaking around the Complex Credit Union Leverage Ratio.