PURCHASE, N.Y.—Mastercard said it was working with the Chinese central bank – the People’s Bank of China – to discuss the prospect of making its planned digital yuan interoperable across borders.
Fresh Today
JERUSALEM–Israel’s central bank said it is once again considering issuing a digital shekel that would create a more efficient payments system.
NEW YORK–The country’s largest issuers are reporting cardholders are paying down their debt at levels not seen in years. While good news for consumers, for issuers the paydowns have meant a decline in income, and as a result many are spending more on marketing and loosening their underwriting standards.
WASHINGTON–The American Bankers Association has a comment letter critical of two NCUA proposals related to risk-based capital. Ironically, one of the proposals is based on a model used for community banks.
KEY WEST, Fla.–In what he said were his first remarks before a live audience in a year, NCUA Board Member Rodney Hood told a NAFCU meeting here he believes attention to financial technology (fintech) should be a priority, and that the agency will have some related regulatory guidance coming in the near future.
WASHINGTON–The National Credit Union Foundation is now accepting nominations for its highest honors, the 2022 Herb Wegner Memorial Awards.
ALEXANDRIA, Va.–Employees of NCUA have volunteered to provide support at the U.S. border with Mexico, but none have yet to go and, if they do, they will not be acting on behalf of the agency, NCUA said.
SPOKANE, Wash.–Margaret Osborn, who has led PrimeSource Credit Union and its predecessor, Telco Credit Union, for the past 20 years as CEO, has announced retirement plans, with the CU also naming a successor.
PITTSFIELD, Mass. –Two Massachusetts credit unions have announced plans to merge.
WASHINGTON–Another group representing merchants is calling on the Federal Reserve to revise debit card swipe fee regulations.