BASEL, Switzerland—The Bank for International Settlements (BIS) and four central banks have completed trials of two blockchain-based platforms on which a multinational central bank digital currency (CBDC) technical standard could be based.
Fresh Today
AUSTIN, Texas–New research has revealed that older generations continue to see the highest average loss to online fraud, but every generation continues to be victimized.
WASHINGTON—President Biden hasreleased his fiscal year 2023 budget proposal, and of particular interest to credit unions it includes more than $330 million for $330 million for the community development financial institutions fund.
WASHINGTON—NAFCU sent a letter to the House Financial Services Committee ahead of its hearing examining bias and discrimination in the home appraisal process, sharing support for alternative appraisal processes such as appraisal bifurcation, desktop appraisals, and exterior only appraisals.
WASHINGTON—Rep. Stephen Lynch (D-MA) has introduced legislation that would require the U.S. Treasury Department to issue a digital version of the U.S. dollar.
MECHANICSBURG, Penn.–Jim McCormack, the long-time leader of the Pennsylvania Credit Union Association before retiring, has died. Mr. McCormack was 69.
NEW YORK–The underwriting platform from Scienaptic, an AI-powered credit decision provider, has been named a winner in the 2022 Artificial Intelligence Excellence Awards, presented by the Business Intelligence Group.
WASHINGTON– Credit card issuers charged $12 billion in late fees during 2020, according to a new report from the Consumer Financial Protection Bureau (CFPB), which is predicting the fees will only increase.
MADISON, Wis.–The World Council of Credit Unions will host a webinar today titled, “Credit Unions in the Digital Age.” The event will begin at 11 a.m. ET.
ONTARIO, Calif.–The California and Nevada Credit Union Leagues reported it has become the first state credit union trade association to host a one-hour session with Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra.