NEW YORK–More than two-thirds of the economists at 23 large financial institutions that do business directly with the Federal Reserve expect the U.S. will have a recession in 2023, while two others are predicting a recession in 2024, according to a survey conducted by The Wall Street Journal.
WASHINGTON—One in five adults between 18 and 24 with a credit file in the U.S. currently have debt in collections, a new report shows.
ALEXANDRIA, Va.– NCUA has named the director of its new Office of Financial Technology and Access.
FT. WAYNE, Ind.–Public Service Credit Union here once again has supported one of the more unique holiday traditions by a CU.
DENVER–Credit Union of Colorado has named a new president and CEO.
ARLINGTON, Va.—NAFCU has outlined its advocacy priorities for 2023.
SNELLVILLE, Ga.–The African-American Credit Union Coalition will host a webinar titled, “Committing to Self and the Organization” on Jan. 20 from 1-2 p.m. The webinar is part of AACUC’s “Commitment to Change Conversation” series.
LINCOLN, Neb.–State banking officials and the Nebraska Attorney General’s Office have frozen the accounts of a financial adviser who allegedly hit both banks and credit unions, representing one of the state’s largest cases of fraud.
SINGAPORE—Citigroup is winding down its consumer banking business in China in a move that will affect about 1,200 local employees, Reuters reported, citing a release from the bank.
ABU DHABI, UAE—The Central Bank of the United Arab Emirates (CBUAE) has announced a plan to launch an Instant Payment Platform (IPP) in 2023 to facilitate financial transactions.
