OTTAWA, Canada—Officials with the Department of Finance Canada believe there could be sweeping implications for the economy if the Bank of Canada ever issued its own cryptocurrency, according to internal government documents.
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STAMFORD, Conn. — A new report is suggesting that by 2024 20% of large organizations will use digital currencies for payments, stored value, or collateral.
WASHINGTON–Federal Reserve Chairman Jerome Powell has sent the clearest signal yet that rates will be on the rise this year, while also defending himself before Congress over how the Fed missed the mark so badly on inflation.
OMAHA, Neb.–A new survey shows just to what extent the popularity of buy now, pay later (BNPL) solutions is surging among consumers, but it also reveals potential pitfalls related in part to some of the industry's lenient approach to credit during the application process.
MADISON, Wis.–As the year-end 2021 financials for credit unions become clearer, the picture is “mostly good news,” according to CUNA’s chief economist.
NEW YORK–The question for many forecasters in 2022 isn’t whether the Federal Reserve will raise interest rates this year, it’s how often. Now Goldman Sachs has issued an advisory to clients predicting the Fed will raise rates four times as it seeks to respond to high inflation and low unemployment.
ALEXANDRIA, Va. – NCUA said it has extended its deadline to allow federally insured credit unions more time to complete and submit the voluntary Credit Union Diversity Self-Assessment until Jan. 31.
ALEXANDRIA, Va.—Following the NCUA board’s approval of a final rule that simplifies the risk-based capital requirements for eligible, complex credit unions, NCUA has modified its Call Report Form 5300, beginning with the March 2022 reporting cycle.
LA CROSSE, Wis.–Credit unions in two states have named new CEOs.
FAYETTEVILLE, NC — Fort Bragg Federal Credit Union said it has paid out $1 million in Loyalty Dividends to 21,800 qualifying members.