Credit Unions Want Quick Guidance on Digital Assets

Credit Unions Want Quick Guidance on Digital Assets

Many credit unions appear to be anxious for the National Credit Union Administration to issue guidance about how they may host a digital wallet and use other new technology to provide new services to their members, reports David Baumann of the Washington Credit Union Daily.

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IRS: CU, Bank Reporting Rule Would Raise $460 Billion in 10 Years

IRS: CU, Bank Reporting Rule Would Raise $460 Billion in 10 Years

Requiring financial institutions, including credit unions, to report to the Internal Revenue Service the inflows and outflows from customer accounts could raise $460 billion in additional tax revenue over ten years, according to IRS Commissioner Charles Rettig. Reported by David Baumann of the Washington CU Daily.

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