BASINGSTOKE, U.K.–A new study from Juniper Research suggests the total number of QR code payment users will exceed 2.2 billion in 2025, up from 1.5 billion in 2020; equating to 29% of all mobile phone users across the world in 2025.
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NEW YORK—A Russian national who pleaded guilty to hacking JPMorgan Chase and other financial institutions has been sentenced to 12 years in federal prison, the Justice Department announced.
WASHINGTON—The Small Business Administration (SBA) said lenders with less than $1 billion in assets will be able to submit Paycheck Protection Program (PPP) applications starting today. All other lenders will gain access to the program Tuesday, Jan. 19.
MINNETONKA, Calif.–As a new round of Paycheck Protection Program loans gets under way, numerous sole entrepreneurs are stepping forward and sharing their odd experiences from the initial rounds, including having been approved for loans as small as less than $100.
ARLINGTON, Va.—On a seasonally-adjusted basis, overall consumer prices rose 0.4% in December, with the Bureau of Labor Statistics reporting the overall consumer price index (CPI) grew 1.3% over the 12-month period.
MADISON, Wis.– The Filene Research Institute has launched new research it said is aimed at helping credit unions to be acknowledged as the leader in financial services innovation.
ALEXANDRIA, Va.–For the second time in two weeks, NCUA has placed a credit union into conservatorship.
WASHINGTON–After setting more than a dozen record lows last year, mortgage rates began 2021 by ticking up slightly, and that has “lit a fire” under borrowers who are afraid they will miss out.
MADISON, Wis.—World Council of Credit Unions President and CEO Dr. Brian Branch has announced plans to retire effective July 2021.
WASHINGTON–Economic activity in the 12 Federal Reserve districts of the U.S. increased “modestly” in the most recent Beige Book data released by the Fed, although two districts saw economic declines.