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LONDON–Despite rising inflation as economies rebuilt following the pandemic, the continued fragility of the global economy will likely see interest rates remain at ultra-low levels for the foreseeable future, according to one new forecast. And that means financial institutions are going to need to evolve and adapt in new ways, suggests a report from GlobalData.

WASHINGTON—A new report shows U.S. regulators have imposed fines and penalties totaling $2.5 billion on crypto firms and individuals to date.

WASHINGTON— The Federal Trade Commission is sending checks totaling more than $316,000 to 10,689 people who lost money to a student loan debt relief scheme. If that amount is divided equally, it comes to approximately $29.56 per check.

SAN FRANCISCO—Visa reported it has agreed to a $2.2-billion takeover of the European open banking platform Tink, months after it scrapped a planned acquisition of the startup's U.S. rival Plaid.

SCOTTSDALE, Ariz.–Two start-up companies reaped billions of dollars in fees by processing one third of all Paycheck Protection Programs this year, according to a new analysis.

BEAVERCREEK, Ohio—Doug Fecher, president and CEO of Wright-Patt Credit Union, has announced he plans to retire effective Dec. 30, 2021.

WASHINGTON—The Consumer Financial Protection Bureau has issued a report highlighting legal violations identified by the Bureau’s examinations in 2020—and some findings are “concerning.”

NAPERVILLE, Ill.–A national effort is underway to get love for credit unions to go viral and trend across social media platforms on July 30.

WASHINGTON—Calling for an accurate, fair, transparent, and equitable credit reporting system, NAFCU sent a letter to the House Financial Services Committee ahead of a hearing that examined proposals to overhaul credit reporting.

WASHINGTON–A CUNA economist is forecasting continued declines in the unemployment rate and ongoing economic recovery. As for fears of a housing bubble, there isn’t one, CUNA said.