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WASHINGTON—The U.S. Treasury is on the cusp of putting forward a new transaction reporting rule for money services businesses that interact with self-hosted crypto wallets, The Block reported.

WASHINGTON–Former NCUA Executive Director Mark Treichel has launched a new consulting firm.

ARLINGTON, Va.–A new year, a new Congress and a new administration—time for a fresh start when it comes to Washington advocacy?

ARLINGTON–NAFCU has sent a letter to the Financial Crimes Enforcement Network (FinCEN) in response to its proposed rulemaking regarding the requirements for certain transactions involving convertible virtual currencies (CVCs) or legal tender digital assets (LTDA).

DUBUQUE, Iowa–A credit union here found itself as the lead item in a national report on how financial institutions are handling stimulus payments to Americans who have overdrawn their accounts.

WASHINGTON—CUNA has sent separate letters to the CFPB and FinCEN.

BOSTON–The recent stimulus funds that recently hit many members’ savings and checking accounts is unlikely to flow back out, according to one national report. For credit unions, it will mean ongoing strains for loan-to-share ratios and capital levels.

WASHINGTON– The Consumer Financial Protection Bureau has issued a compliance assistance sandbox (CAS) approval order to Synchrony regarding its proposal to develop a “dual-feature credit card.”

WASHINGTON–The 117^th Congress has been sworn in and at least in the short term the business will be all about getting its House (and Senate) in order.

SYRACUSE, N.Y.–Two credit unions have announced bonus dividends and loan interest rebates.