JERUSALEM—Central banks in Israel, Norway and Sweden will team with the Bank of International Settlements (BIS) to explore how CBDCs can be exploited for international retail and remittance payments.
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OKLAHOMA CITY, Okla.–True Sky Credit Union is marking International Credit Union Week by hosting credit union delegations from the Caribbean CU League and the Barbados CU League this week.
MADISON, Wis.— CUES said it celebrate its members and honor CUES Awards winners during the CUES Member Appreciation & Awards Event, which will be held virtually Oct. 20. The event is free and open to all CUES members.
WASHINGTON—Freddie Mac has introduced a new underwriting model that is said is aimed at qualifying more borrowers for a mortgage.
METAIRIE, La.– New Orleans Firemen’s FCU said it will be deploying $7 million into its communities after receiving the funds from the Treasury Department’s Emergency Capital Investment Program.
ALEXANDRIA, Va.–Representatives of four credit union/regulator trade groups offered their feedback on NCUA’s proposed 2023-24 budgets during the agency’s budget briefing here, with all four, not surprisingly, calling for budget reductions.
ALEXANDRIA, Va.–NCUA staff provided greater detail around what the agency is proposing with its 2023-2024 budgets, and then responded to questions from all three NCUA board members during the agency’s budget briefing here.
ALEXANDRIA, Va.–During its annual budget briefing related to its proposed 2023-2024 budget, members of the NCUA board, agency staff and representatives of credit union trade groups all shared their views (see related reporting) on the necessity for the proposed budget increase, questioned/defended the end to virtual exams, and debated other points.
NEW YORK–The combination of ongoing inflation and the Federal Reserve’s pledge to keep raising rates until it is able to bring inflation under control will drive the American economy into a 1990-style mild recession starting in the Spring of early 2023, according to Fitch Ratings.
ALEXANDRIA, Va.—The NCUA board will be hosting its 2023 budget briefing today.