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WASHINGTON—The National Association of Credit Union Service Organizations (NACUSO) has launched what could become one of the credit union industry’s most significant long-term legislative fights in decades: an effort to convince Congress to dramatically raise—or potentially eliminate—the statutory cap limiting how much credit unions can invest in CUSOs, arguing the decades-old restriction is increasingly preventing cooperatives from keeping pace with rapid advances in artificial intelligence, fintech and digital banking.

ST. PAUL, Minn.—Banks and credit unions in Minnesota will be permitted to offer certain cryptocurrency custody services beginning Aug. 1 under legislation signed into law Friday by Gov. Tim Walz, a move supporters said will allow state-chartered financial institutions to compete with emerging digital-asset providers, according to TradingView.

WASHINGTON—With comment deadlines nearing for several regulatory proposals, America's Credit Unions has issued a series of Regulatory Comment alerts outlining the proposals, their potential impact on credit unions and guidance for submitting feedback. The organization is also encouraging credit unions to provide input that can help shape its own comment letters to regulators.

JUNEAU, Alaska—The Alaska Senate has unanimously passed SB 249, legislation creating a statewide regulatory framework for virtual currency kiosks, commonly known as Bitcoin ATMs, after supporters said scammers are using the machines to quickly move victims’ money.

WASHINGTON--The Small Business Administration (SBA) announced a new rule Monday to allow eligible borrowers to combine their 7(a) and 504 loans for up to $10 million in SBA-backed financing, a 50% increase, America's Credit Unions reported.