HONG KONG—Months after completing phase 1 of its central bank digital currency (CBDC) pilot, Hong Kong is set to begin the second phase of experiments before a commercial rollout in 2025.
Fresh Today
NEW YORK—More and more consumers are choosing split-payment or installment plans—such as buy now, pay later—that enable them to spread out the costs of purchases, a new study shows.
MADISON, Wis.–Gigi Hyland, executive director of the National Credit Union Foundation, has announced plans to retire effective at year-end.
WASHINGTON–Credit unions could potentially find themselves being dragged into a new battle—this time at the point of sale--following a court settlement that will allow merchants to adjust prices based on costs related to different cards, with the merchants also able to inform customers why their card costs more to use.
ST. LOUIS–New research shows that since 2013, home prices have increased two times faster than inflation.
MIAMI–WalletHub has released a new analysis showing the states in which mortgage debt has been rising most quickly.
SAN JOSE, Calif.– First Tech has introduced the First Tech Relocation Banking Program, which it said is designed assist employees moving to the U.S., including setting up savings and checking accounts in the U.S. and establishing and building credit in this country.
LAKELAND, Fla.–MidFlorida Credit Union said it is now offering young members between the ages of 10 and 20 a new checking option.
PHOENIX–OneAZ Credit Union said it is partnering with the State Forty Eight Foundation on a new partnership that “aims to uplift and empower small businesses and entrepreneurs across Arizona.”
MADISON, Wis.–In the second of two webinars scheduled for this week, members of Filene’s i3 group today will share their prototype presentations of proposed solutions to address consumer and credit union challenges.