2030 Vision: The CBDC Forecast 08/26/2023 12:04 pm BASEL, Switzerland—A new study projects that 15 retail central bank digital currencies (CBDCs) could be in circulation by 2030.
Resources Around Fin Ed Programs, Social Media Engagement are Released by NCUA 08/27/2023 11:27 am ALEXANDRIA, Va.— NCUA has released new resources for credit unions it said are designed to help implement financial education programs and social media engagement.
Virtual Assistant Launched 08/26/2023 12:04 pm AUSTIN, Texas– Greater Texas Credit Union and its Aggieland subsidiary have launched a new virtual assistant system to respond to member inquiries.
SEC Warns Broker-Dealers to Strengthen Policies, Practices on AML 08/27/2023 11:27 am NEW YORK—The Securities and Exchange Commission (SEC) is warning some broker-dealers to strengthen policies and controls that guard against money laundering, including by taking more care to conduct customer due diligence when opening accounts.
Deadline is Today to File Comment on NCUA’s MDI Proposal 08/27/2023 11:26 am ALEXANDRIA, Va.–Today is the deadline to file comments with NCUA on its proposal to clarify what’s required for a credit union to receive and maintain a minority depository institution (MDI) requirement.
FSB Issues New Guidelines for Global Regulators Around Stablecoins 08/27/2023 11:26 am WASHINGTON—The Financial Stability Board (FSB) has released new guidelines for global regulators, including a demand for stablecoin issuers to obtain local licenses before operating in specific jurisdictions.
Dora Maxwell, Louise Herring, Desjardins Award Winners Named in Minnesota 08/27/2023 11:28 am SAINT PAUL, Minn. -- The Minnesota Credit Union Network (MnCUN) has named the state-level winners of its 2023 Dora Maxwell, Louise Herring and Desjardins award competitions.
Five Trends in a ‘Split Screen’ Mortgage Market for CUs, Members to Be Aware Of 08/27/2023 11:31 am WASHINGTON–With mortgage rates having climbed to the highest level in more than two decades, credit union members and other consumers are now facing a “split-screen market in housing,” according to a new report.
HopeSouth Credit Union Makes Its First-Ever Mortgage Loan 08/27/2023 11:29 am ABBEVILLE, S.C.–The $31.9-million HopeSouth Credit Union is reporting it has made its first-ever mortgage loan.
‘Look in the Mirror’ NAFCU Tells Bankers When it Comes to Tax Exemption 08/27/2023 11:31 am WASHINGTON—In response to a banking trade association’s request that Congress investigate credit union growth and the industry’s tax-exempt status, NAFCU is telling Washington that banks should “look in the mirror” to understand why Americans are turning to credit unions for financial services.
