SAN JOSE, Calif.—PayPal reportedly has pulled out of Facebook’s Libra project over concerns the social media giant has failed to address a backlash to the cryptocurrency project related to money laundering concerns.
Fresh Today
NOTRE DAME, Ind.–When two traditional college football rivals play their annual game this weekend, two credit unions will be back with a traditional competition of their own.
TEL AVIV, Israel—More than 23 million credit and debit cards were available for sale in online underground forums in the first half of 2019, according to new research.
LILONGWE, Malawi—Malawi may become the first country to tax mobile transactions.
HARRISBURG, Penn./EAST WINDSOR, N.J.–The new entity created by the merger of thePennsylvania Credit Union Association (PCUA) and the New Jersey Credit Union League (NJCUL) now has a new name: the CrossState Credit Union Association.
WASHINGTON—The International Monetary Fund may be considering creating a central bank cryptocurrency, a new report suggests.
WASHINGTON—Two U.S. congressmen are expressing concerns the increasing use of cryptocurrency put the U.S. dollar at risk, especially as digitization sweeps the globe and governments move to modernize their monetary systems and reinvent how they transfer, distribute and create money.
ROCHESTER, N.Y.—If consumers’ outlook on holiday spending is any indication of an impending recession, forecasts for an economic downturn in the near term are way too Scrooge-ish.
TOPEKA, Kan.–This state’s banks and credit unions have been squaring off in the state capitol over legislation that could impose an income tax on state-chartered CUs.
WASHINGTON—As the London Interbank Offered Rate (LIBOR) is set to stop publishing after 2021, Federal Reserve Vice Chair for Supervision and Chair of the Financial Stability Board Randal Quarles is warning the transition away from the rate could pose financial stability risks.