NASCUS Report Archives
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...
CMG Risk Alert: Ensure Remote Employees are Working in a Safe Environment
June 2, 2022 – As remote work and flexible work arrangements skyrocketed during the COVID-19 pandemic, the latest risk alert from CUNA Mutual Group warns that there is the potential...
Crypto Scammers Pose as Journalists, NFT Projects on Twitter
Thieves rely on profiles that appear legitimate to dupe users Americans reported $1.6 billion in stolen crypto last year Internet scammers are using hijacked accounts on Twitter Inc. to promote dubious cryptocurrency...
Member Benefit: NCUA Summaries
NASCUS has issued two summaries this week based on NCUA activities. Summaries require member log-in to review. The first was in response to Revised Guidance: Loans in Areas Having Special...
NASCUS Summary: NCUA Board Meeting
May 26, 2022 — The board meeting opened with a moment of silence in light of the recent tragedies across the country. The meeting agenda included one item for discussion...
The Federal Reserve Releases the May 2022 Financial Stability Report
The Fed’s Board of Governors released the May 2022 Financial Stability Report, which presents key insights into the state of the American economy. What did the Federal Reserve’s latest decisive...
Senate Approves Dr. Lisa Cook as First Black Woman on Federal Reserve Board of Governors
The Senate confirmed economist Lisa Cook on Tuesday to serve on the Federal Reserve’s board of governors, making her the first Black woman to do so in the institution’s 108-year...
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...