BEIJING, China—The People’s Bank of China (PBOC) is getting closer to becoming one of the first major central banks to issue digital money that can be used for any type of purchase.
Fresh Today
BOULDER, Colo.—The $1.8-billion Elevations Credit Union has announced plans to expand its presence in Boulder and Broomfield counties, as well as other communities across the Front Range, by building, acquiring and opening multiple facilities over the next year.
PLANO, Texas—Kathy Garner is marking her fifth anniversary as CEO of Catalyst Corporate FCU.
LONDON—Mobile payments are rising rapidly in the U.K.
SOUTH BEND, Ind.–The Warsaw High School gymnasium here has been renamed the Tiger Den TCU Court, thanks to a 10-year naming rights agreement between Warsaw Community Schools and Teachers Credit Union.
ALEXANDRIA, Va. – The video recording of the Feb. 23, 2017, open meeting of the National Credit Union Administration board is now available on the agency’s website. Archived videos of past board meetings may be viewed here, and each video remains on the site for one year.
WASHINGTON—Keith Stone, president and CEO of The Finest Federal Credit Union in New York, N.Y., testified before Congress that constraints on the credit union chartering process and the overall regulatory burden are hurting credit unions.
WASHINGTON–Riskier borrowers are making up a growing share of new mortgages, resulting in a modest increase in delinquencies and raising concerns about an eventual spike in defaults, according to one new report.
IRVINE, Calif.— Mortgage loans originated in Q4 2016 continued to exhibit low credit risk consistent with the previous quarter, and tighter than in Q4 2015.
TACOMA, Wash.–An initiative has been launched to restore full funding for the Community Development Financial Institution (CDFI) Fund, which has been targeted by the Trump Administration for significant cuts.