Swirlds, creators of the hashgraph distributed consensus platform, and CULedger, a credit union consortium supported by the efforts of the Credit Union National Association (CUNA) and the Mountain West Credit Union Association (MWCUA), today announced an agreement whereby CULedger will use Swirlds’ hashgraph technology as a key component of CULedger’s permissioned, distributed, shared ledger platform for credit unions.
Following the release of the Treasury Department’s new report on the Consumer Financial Protection Bureau’s arbitration rule, CUNA chief advocacy officer Ryan Donovan issued a statement expressing appreciation that the report highlights flaws in the CFPB’s analysis about how its rule will impact credit unions, their members, and other financial service providers and consumers.
The Consumer Financial Protection Bureau’s (CFPB) final short-term, small-dollar rule appears to have addressed many concerns addressed by CUNA, leagues and credit unions, a big win for the credit union movement. CUNA continues to analyze the nearly 1,700-page final rule.
CUNA filed its lawsuit Wednesday against Equifax, a suit brought in the wake of a data breach resulting in hackers accessing information on 145.5 million consumers and payment card data of more than 200,000 consumers.
CUNA filed a petition Friday with the Federal Communications Commission regarding the Telephone Consumer Protection Act (TCPA), outlining how it can provide credit unions with regulatory relief from the onerous requirements for communicating with member-owners.