NASCUS Report

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...

Decline in Customer Satisfaction Continues but at a Slower Pace, ACSI Data Show

May 10, 2022 — Customer satisfaction in the U.S. is now at its lowest level in 17 years, sliding 0.1% to a score of 73.2 (out of 100) in the...

Filene Issues Report on Climate Change

The Changing Climate for Credit Unions Climate change is one of the most important—if not the most important—challenges of the twenty-first century. Transformational change is necessary to confront and adapt...

Apple Pumps $25 Million Into Credit Unions & MDIs

The tech giant is working with fintech CNote to help underserved communities. The multinational technology company Apple, maybe best known for the iPhone, announced Thursday that it is working with...

Senators Demand Answers from Fidelity Over Plan to Allow Bitcoin As Part of 401(k) Accounts

Two senators are raising concerns following an announcement by Fidelity that it will allow customers to allocate bitcoin to their 401(k) retirement accounts. Sen. Elizabeth Warren (D-MA) and Sen. Tina...

Fed Hikes Rates Half-Point as Powell Signals Similar Moves Ahead

Courtesy of Matthew Boesler and Steve Matthews, Bloomberg Interest-rate increase marks largest upward move since 2000 Stocks rally as Powell pushes back on 75 basis-point Fed move The Federal Reserve...

You Can Now Ask Google to Take Your Personal Data Out of Its Search Results

Google is offering a new tool to anyone who doesn’t want their phone number, email or street address and other personal information to be found online: People can ask for...