CUNA fears cryptocurrency and blockchain based financial platforms are creating an unregulated financial sector that could have major repercussions to the economy, and notes while they allow for innovation, they must be overseen.
A $45,000 grant issued through Worldwide Foundation for Credit Unions’ Project Storm Break program helped six Haitian credit unions get back to serving their members despite an August earthquake that caused major damage to their permanent structures.
A Senate bill introduced Thursday could reduce access to credit from reputable lenders, said CUNA President/CEO Jim Nussle in a statement. The bill would cap fees and interest for all consumer loans at a 36% “all-in” annual percentage rate (APR).
CUNA President/CEO Jim Nussle spoke with NCUA Vice Chairman Kyle Hauptman Monday on credit union pandemic-related issues and how NCUA can work to support credit unions through the pandemic and economic recovery.
Federally insured credit unions can get valuable information on Bank Secrecy Act and anti-money laundering compliance during a National Credit Union Administration webinar scheduled for April 14. Registration is now open, and it is scheduled to begin at 2 p.m. (ET).
The National Credit Union Foundation launched the first-ever national Biz Kid$ Showcase, this week. The Biz Kid$ Showcase will allow creativity to continue in our current virtual world.
Zogo, a gamified financial literacy app, has been selected as the newest CUNA Strategic Services CSS alliance provider. The collaboration will allow credit unions to connect to their next generation of members through a gamified mobile app on their phones.
Both chambers of Congress are in session this week, and both are expected to consider the $1.9 trillion COVID relief legislation through the budget reconciliation process. The House Budget Committee will mark up its legislation starting Monday.