The development of a comprehensive national standard regulating digital assets will level the playing field and protect consumers, CUNA wrote to a joint House Financial Services and House Agriculture subcommittee hearing on regulatory gaps in digital assets markets.
Congress should subject payment stablecoins to a regulatory framework that limits activity to insured depository institutions and their subsidiaries, CUNA wrote to a House Financial Services subcommittee for the record of its hearing on stablecoin.
Credit unions support appropriate oversight and regulation of the digital assets marketplace and must have the authority to participate, CUNA wrote to the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion this week.
Recent collapses show the status quo isn't cutting it for consumers, CUNA President/CEO Jim Nussle wrote in The Hill, adding that consumer protectors like credit unions should have the ability to offer crypto services to consumers in a safe way.
The Winter 2023 issue of Credit Union Magazine explores award-winning marketing, board training on a budget, developments in instant payments, service to small businesses, and NCUA’s final rule on member expulsion.