HONG KONG—China’s digital yuan performed well during in the world’s largest cross-border central bank digital currency (CBDC) trial to date, according to one new report, which suggests Beijing is seeking to speed up yuan globalization efforts amid rising geopolitical tensions.
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TOKYO—A credit card company operating out of Tokyo, Japan Credit Bureau (JCB), plans to test a central bank digital currency (CBDC) infrastructure.
NEW YORK—JP Morgan Chase is piloting a platform to facilitate rent payments for tenants living in multifamily housing. The new technology, called Story, is a rent management tool for multi-family property owners, Finovate reported.
DALLAS—MoneyGram has introduced a new service that allows consumers to buy, sell, and hold cryptocurrency.
WASHINGTON–Nearly a fifth of all bank branches in the United States now offer access to small-dollar loans after Wells Fargo began offering such a product in mid-November, according to a new analysis by Pew Research Trusts.
WASHINGTON–Treasury Secretary Janet Yellen has issued a statement saying there is a need for more effective oversight of the cryptocurrency market in order to promote financial stability.
WASHINGTON—The Treasury Department has released a report assessing the impact of fintechs in the financial services space that also offers some specific recommendations for action.
MADISON, Wis. – Filene has opened applications and enrollment for credit union leaders to participate in the i3 innovation leadership program and The Cooperative Trust’s Crash Course. The deadline for Filene i3 applications is Nov. 30.
ALEXANDRIA, Va. – The number of credit unions with a composite CAMELS code 3, 4, or 5 rating has increased as a result of rising interest rates, which has created liquidity pressures on some CUs, the NCUA board was told by agency staff during its board meeting here.
SNELLVILLE, Ga.–The African American Credit Union Coalition will host a Commitment to Change webinar today on “How Credit Unions Can Serve the Military. The webinar will take place from 1-2 p.m. ET.