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NEW YORK—Bitcoin’s explosion over the past year has driven an 880% growth in adoption as accepted tender, amid a staggering 2,300% wave of cryptocurrency adoption since 2019, according to Chainalysis, which released the figures in its annual Global Crypto Adoption Index.

WASHINGTON—The Small Business Administration (SBA) has published an interim final rule (IFR) to amend the regulations governing disaster-related economic injury disaster loans (EIDL) and COVID EIDL loans. The changes made by the IFR are applicable to any EIDL loan made on or after Sept. 8.

WASHINGTON–For the fourth consecutive quarter, a plurality of mortgage lenders expect near-term profitability to decrease, according to Fannie Mae’s Q3 2021 Mortgage Lender Sentiment Survey (MLSS).

WASHINGTON–The Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has opened the fiscal year 2021 funding round for the Capital Magnet Fund.

WASHINGTON—The Small Business Administration (SBA) has announced additional changes to the regulations governing the COVID economic injury disaster loan (EIDL) program to allow small businesses "greater and more flexible support from the over $150 billion in available COVID EIDL funds."

OKLAHOMA CITY, Okla.––WEOKIE Credit Union has become the latest to announce a significant reduction in its overdraft fee.

ARLINGTON, Va.—Total consumer credit rose 4.7%, at a seasonally-adjusted, annualized rate, in July and is up 5.1% compared to a year ago. Revolving credit, primarily credit cards, rose 6.7% during the month and is up 0.6% compared to July 2020.

WASHINGTON–Wells Fargo has been hit with a $250-million fine by regulators for the lack of progress in addressing longstanding issues related to mortgage lending.

COSTA MESA, Calif.— Credit card customers’ expectations for credit cards are evolving, and a new J.D. Power survey suggests many card issuers are failing to keep up.

COLUMBUS, Ohio – A new member has been appointed by Corporate One Federal Credit Union’s Board of Directors to its Enterprise Risk Management Committee: Devon Alexander, Vice President of Enterprise Risk Management at Keesler Federal Credit Union in Biloxi, Mississippi.