“It is a known fact that innovation plays an integral role in the health and competitiveness of the financial services market. All financial institutions, especially credit unions, must have a clear regulatory framework to take advantage of such innovations, including digital assets. NAFCU understands that the development and use of digital assets has seen unprecedented growth in recent years. While we welcome clarity and guidance from the Biden Administration on how credit unions can integrate the use of digital assets into their services, we urge continued engagement with smaller financial institutions and ask that the NCUA remain a focal point when addressing feedback and concerns over the use of certain digital assets.” - NAFCU President and CEO Dan Berger
0 Comments
Leave a Reply. |
Author: Mike LawsonMarried to a most gorgeous and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple. Archives
May 2024
Categories |