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John Alexander

 

ALEXANDRIA, Va.--John Crews has been officially sworn in as chairman of the National Credit Union Administration board, NCUA reported Monday, ending an extraordinary period in which the federal regulator operated without a single sitting board member.

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WASHINGTON— Federal banking, credit union and housing regulators are rescinding 2022 guidance that encouraged lenders to use special-purpose credit programs, or SPCPs, to expand access to credit, saying the guidance no longer conforms with the government’s interpretation of federal fair lending law.

NEW YORK — Cryptocurrency card spending has more than tripled over the past year, topping $1 billion in July as stablecoins increasingly move beyond investment and cross-border transfers into everyday purchases, according to CoinDesk.

STAMFORD, Conn.—Despite the rapid adoption of artificial intelligence and cloud computing, bank technology executives aren't preparing to pull the plug on their mainframes, according to new research from Crisil Coalition Greenwich.

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