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NEW YORK—Federal prosecutors in Manhattan have charged KuCoin, one of the world's largest cryptocurrency exchanges, with violating U.S. anti-money laundering laws by failing to vet customers, allowing billions of dollars in illicit funds to be transferred since its founding in 2017.

Chopra

Rohit Chopra

MADISON, Wis.–The credit union loan-to-asset ratio in January hit its highest mark since 2019, but fixed-rate first mortgage loan balances fell 0.9% at a seasonally-adjusted annual rate that same month, the first time in credit union history that the seasonally-adjusted annual rate figure has been in negative territory, according to TruStage’s newest Trends Report.