FRANKFURT, Germany—The European Central Bank (ECB) is considering launching its own cryptocurrency if the private sector fails to create an efficient solution for cross-border payments, and if cash usage drops, according to a new paper published by the ECB.
NEW YORK–Although the most recent jobs report exceeded nearly everyone’s expectations and unemployment is at record lows, a new survey of large companies finds a majority expect to reduce headcount over the next 12 months.
WASHINGTON—The House Financial Services Committee advanced two bills out of its markup this week related to minority depository institutions (MDIs).
WASHINGTON—On a seasonally-adjusted basis, overall consumer prices increased 0.3% in November following a 0.4% rise in October.
NAPERVILLE, Ill. —The Illinois Credit Union League and its subsidiary, LSC, have announced an additional $350,000 contribution to underwrite CUNA’s Open Your Eyes to a Credit Union campaign in Illinois.
DENVER–The CUSO CU Ledger is reporting three credit unions have successfully implemented its MyCUID as part of a pilot program.
ALBUQUERQUE, N.M.–First Financial Credit Union has broken ground on a what will be a much larger new headquarters building here.
WASHINGTON–The Government Accountability Office (GAO) said there are still five recommendations, out of the 37 it made to financial regulators since enactment of the 2010 Dodd-Frank Act, that have not yet been enacted.
TEMPE, Ariz.–The University of Phoenix and its parent company have agreed to pay $50 million in cash and further agreed to cancel $141 million in student debt to settle allegations of deceptive advertisement brought by the Federal Trade Commission.
THE HAGUE, Netherlands–More than 200 people have been arrested in 31 countries as part of a global crackdown on money laundering by Europol.
