BASEL, Switzerland—A four-country test of a cross-border payments system using central bank digital currencies (CBDC) was successful, according to the Bank for International Settlements.
Fresh Today
DENVER–More open positions have been added to CUToday.info’s free job board, the Gig, which includes C-suite and other open positions for which CUs are seeking applicants. Among those jobs are two organizations seeking CEOs.
WASHINGTON–The chaos in the cryptocurrency market is being reflected in how often “crypto” is appearing in social media.
NEW YORK—Major card issuers are continuing to seek fintech partnerships to grow their business.
WASHINGTON–The Federal Reserve is now expected to pull back on the pace of its aggressive rate hikes as soon as upcoming December meeting, according to its chairman.
WASHINGTON–After topping 7% just over a month ago, the average rate on the traditional 30-year mortgage has now declined more than 50 basis points.
ALEXANDRIA, Va.–NCUA has approved moving management and oversight of its Austin, Texas-based Asset Management and Assistance Center (AMAC) activities from the Southern Region to an independent office led by the president of AMAC.
WASHINGTON—Economic activity in November was flat or moderately up over September, although the growth rate was down from the modest pace of the earlier month, according to the latest analysis released as part of the Federal Reserve’s Beige Book.
WASHINGTON—Recent failures of cryptocurrency and blockchain based financial platforms have demonstrated that an unregulated, unsupervised structure is not viable and poses serious risks to consumers and the economy, CUNA wrote to the Senate Agriculture Committee ahead of its hearing on the FTX bankruptcy.
RACINE, Wis.–Educators Credit Union said it has paid out a record $5.1 million with its 2022 “Member Loyalty” payout.