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BASEL, Switzerland—Central bank digital currencies (CBDC) will never have full interconnectedness due to cross-border limitations, according to the head of the Bank for International Settlements (BIS) Innovation Hub.

DULUTH, Ga.—Diversity, equity and inclusion (DEI) is not a “fad,” and the efforts that have taken root among businesses and in the hearts of Americans to support DEI since the murder of George Floyd at the hands of Minneapolis Police in 2020 are having positive impacts across the nation, says Renee Sattiewhite.

RANCHO CUCAMONGA, Calif. – Co-op Solutions is partnering with NYDIG, a custodial cryptocurrency exchange that has been working with a number of  credit unions.

WASHINGTON—The Community Development Financial Institution (CDFI) Fund is once again being told by NAFCU the trade association has concerns over its Fund Certification Application and Certification process.

COS COB, Conn. – Members Credit Union here is reporting it was able to save its members more than $3 million during 2022 through refinancings out of high-interest rate loans at other lenders into its home, auto, credit cards via transfers and signature loans.

NEW YORK—As credit card debt hit an all-time high of just shy of $1 trillion in the final three months of 2022, delinquencies among borrowers also accelerated.

WASHINGTON—Credit union loans outstanding increased 1.1% in December, according to CUNA's latest Monthly Credit Union Estimates, compared to a 1.2% increase in November 2022, and a 1.0% increase in December 2021.

WASHINGTON–American consumers added a total of $398 billion in new debt during Q4 2022, the fourth highest debt build-up for a fourth quarter in the past 20 years and nearly 4.5 times larger than Q4 2021, according to a new analysis.

WASHINGTON–Existing-home sales fell for the 12th straight month in January, according to newly released data from the National Association of Realtors (NAR).