Can CBDC Boost Inclusion? Here’s What Bank of Canada Study Found 11/05/2023 10:49 am OTTOWA, Canada—The role a central bank digital currency (CBDC) would play in improving financial inclusion, digital inclusion, and accessibility has been explored in a recent study conducted by the Bank of Canada.
Report on Pilot of Wholesale CBDCs Identifies Issues to be Resolved 11/05/2023 10:49 am BASEL, Switzerland—The Bank for International Settlements (BIS) has released its final report on a pilot involving the use of wholesale central bank digital currencies (CBDCs) to settle cross-border and foreign exchange (FX) transactions.
Program Began With Employees 11/04/2023 12:04 pm NASHVILLE, Tenn.–After introducing a solution called Enbright One to help employees manage their personal finances—including providing time at work to create and/or m
Many Questions, No Answers 11/04/2023 12:04 pm For the last 24 months and for at least the next 14, the most talked about subject, has been and will be, the economy.
With Holiday Spending Season Here, New Data Show Consumers Piled on Debt During Q3 11/13/2023 07:14 pm WASHINGTON–Just in time for their holiday spending, U.S. consumers increased their total debt load by $78 billion during the third quarter, according to WalletHub’s analysis of newly released data from the Federal Reserve Bank of New York.
New Study From Discover Finds Considerable Reason to Be Optimistic About Future of Fintech 11/13/2023 07:13 pm RIVERWOODS, Ill.–A new study has found considerable optimism around the future of fintech.
FinCEN Issues NPRM Related to CVC Mixing and Money Laundering 11/13/2023 07:13 pm WASHINGTON—FinCEN has announced a Notice of Proposed Rule Making (NPRM) related identifies international Convertible Virtual Currency Mixing (CVC mixing) as a class of transactions of primary money laundering concerns.
Make Room, Mickey: Suncoast CU Continues Its Expansion in Orlando Market 11/13/2023 07:15 pm TAMPA, Fla.– Suncoast Credit Union continues its expansion east into Orlando, opening a new Service Center with a ribbon-cutting ceremony, community donation and “business takeover.”
Treasury Report Suggests American Rescue Plan Act Has Paid Dividends 11/13/2023 07:14 pm WASHINGTON—Policy actions taken during the pandemic led to “the most equitable” recovery in recent history, according to a new government report.
Used Car Value Decline Takes a U-Turn, New Black Book Data Show 11/13/2023 07:17 pm LAWRENCEVILLE, Ga.—After a near record drop in used vehicle values in September, used values rose in October, according to Black Book, which added the UAW strike is likely a key reason.