An examination of credit union and bank modification trends..With housing prices bouncing along the bottom and unemployment starting to fall,
the outlook for 2012 is stronger than when we entered 2011. However, there are
still millions of Americans who have not had a chance to take advantage of low
interest rates by refinancing their mortgage or other debts, a fact **** Read More; Evolving Modification Scene:
“Stablecoins aren’t a speculative play. They’re the next evolution of payments — and a chance for credit unions to lead, not lag. It starts with connecting members to DLT rails - the digital wallet. Without that, nothing else can happen. It’s just a new payment rail - embrace it or lose the relationship. It’s that simple.” While ‘ stablecoins ’ were the prevailing buzzword across Money20/20 this year, the credit union industry had a significant presence. Small financial institutions have staked a place in the future of payments. Credit unions received a significant boost this summer with the enactment of the stablecoin bill into law. The Guiding and Establishing National Innovation for U.S. Stablecoins Act authorizes subsidiaries of federally insured credit unions, such as credit union service organizations, to become issuers. Not Your Mother’s Credit Union A Money20/20 fireside chat with the regulator for credit unions that I moderated focused on the rulemaking task a...
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