In the News
Bank Policy Institute Offers Feedback on SEC’s Climate Disclosure Policy
Courtesy of Dave Kovaleski, Financial Regulation News June 20, 2022 — The Bank Policy Institute (BPI) offered feedback on the Securities and Exchange Commission’s (SEC) proposed climate disclosure policy, expressing...
Cornerstone League and Heartland Credit Union Association to Explore Merger
Jun 23, 2022 — Cornerstone and HCUA merger committees have begun the due diligence process. The Cornerstone League and Heartland Credit Union Association are exploring the possibility of a merger....
CFPB & FDIC BoD on the Amended Deposit Insurance Fund Restoration Plan and Revised Deposit Insurance Assessment Rates
One of the FDIC’s most important responsibilities is to prudently manage the Deposit Insurance Fund. The FDIC’s ability to credibly guarantee our nation’s insured deposits is vital for the stability...
Would You Accept an NFT as Loan Collateral? Some Lenders Already Have.
Can non-fungible tokens (NFTs) disrupt the lending market? And should credit unions, which are showing heightened interest in cryptocurrency, be entering this space as well? Article courtesy of Ray Birch,...
Top 21 Emerging Cyber Threats and How They Work
June 7, 2022 — Cyber attacks, hacking, and data breaches are a growing threat. Yet, many companies could have prevented these threats with a bit of risk management and a...
FinCEN Issues Advisory on Elder Financial Exploitation
Urges Financial Institutions to Aid in Combatting Growing Threat June 15, 2022 — The Financial Crimes Enforcement Network (FinCEN) is issuing an advisory to alert financial institutions to the rising trend...
105 Countries Are Exploring Central Bank Digital Currencies, CBDC Tracker Shows
There are now 105 countries that are exploring central bank digital currencies (CBDCs). Among them, 50 countries are in an advanced phase of digital currency exploration (development, pilot, or launch)....
Senator Presses Treasury Secretary on Collection, Sale of Financial Data
Senate Banking, Housing, and Urban Affairs Committee Chairman Sherrod Brown (D-OH) has written to Treasury Secretary Janet Yellen, who oversees the Financial Stability Oversight Council (FSOC), to express concern with the...
Senate Confirms Harper to Full Term on the NCUA Board
June 8, 2022 – The U.S. Senate voted to confirm Todd M. Harper’s reappointment to the National Credit Union Administration (NCUA) Board until April 10, 2027. The U.S. Senate voted...
Marijuana & Bitcoin: Father and Son Caught Running $13M Empire from Starbucks
A father and son in Washington have been sentenced to five years in prison for running an illegal $13 million marijuana business alongside a lucrative Bitcoin-for-cash money laundering scheme. The...
Acting Comptroller Hsu Brings Crypto-Skepticism to Blockchain Summit
This week, Acting Comptroller of the Currency Michael Hsu gave remarks to the DC Blockchain Summit titled “Crypto: A Call to Reset and Recalibrate.” By speaking at the Blockchain Summit,...
Dimon Says Brace for U.S. Economic ‘Hurricane’ Due to Inflation
June 1 – Jamie Dimon, Chairman and Chief Executive of JPMorgan Chase & Co described the challenges facing the U.S. economy akin to an “hurricane” down the road and urged...