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BASEL, Switzerland—Legal frameworks ensuring user privacy and the freedom to choose between central bank digital currencies (CBDCs) and other forms of money will be key in driving CBDC adoption, according to a new report.

ARLINGTON, Va.–The National Cooperative Bank said it has closed a $2.5 million subordinated debt loan to Encurage Financial Network Credit Union in Chicago.

BASEL, Switzerland—The Bank of International Settlements has concluded its CBDC pilot and said that decentralized finance elements could bring about a “new generation” of financial market infrastructure.

WASHINGTON—Will the awarding of a contract to Navy FCU to provide banking services on military bases stand? Or will the Department of Defense contract be rescinded and then bid back out to another player, likely a bank?

COSTA MESA, Calif.– Buy now, pay later (BNPL) financing is attracting consumers from across the financial health spectrum, and most consumers are drawn to it for the same primary reason—they like the repayment terms, according to a new survey from J.D. Power.

WASHINGTON–CUNA, NAFCU and the American Association of Credit Union Leagues have joined with numerous banking groups in a new letter sent to the Federal Reserve urging it to reject merchant requests for further changes to Regulation II governing debit card interchange fees.

BOULDER CITY, Nev.– Boulder Dam Credit Union, has named a new president and CEO. The $815-million credit union has selected Steele Hendrix to lead the organization and succeed the retired Eric Estes.

NEW YORK–The nation’s largest banks have been quietly laying off workers all year, and “some of the deepest cuts are yet to come,” according to a new report.

ARLINGTON, Va.—Existing home sales fell 2% in September to a seasonally-adjusted annual rate of 3.96 million units, representing a 15.4% decrease in sales versus a year ago, new data show.

MADISON, Wis.— The Worldwide Foundation for Credit Unions has named J. Kevin Ryan, retired President/CEO of Financial Center First Credit Union, to its Board of Directors.