NEW YORK—As some companies across all industries made what were in some cases significant cuts to staff in 2023, 2024 is already looking grim for workers, according to at least one new forecast.
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COLUMBUS, Ohio—Klarna is reporting that its AI assistant chat bot, powered by OpenAI, has handled 2.3 million conversations after one month of deployment, adding the performance of the tool has been high.
LONDON—The European Parliament is urging the European Investment Bank (EIB) to enforce stricter accountability and transparency protocols.
HONG KONG—The Hong Kong Monetary Authority (HKMA) has kicked off a new wholesale central bank digital currency project to support for the tokenization market in the territory
CU Leaders Continue to Express Worries Over Liquidity, But Are Also Confident Rates About to Decline
SAN DIEGO – Credit union leaders are continuing to worry about liquidity in 2024.
TROY, Mich.— Even as the rapid increase in usage of buy now, pay later (BNPL) services has been accompanied by a growing concern over runaway consumer debt, the customers who are using these services are growing increasingly satisfied with their experiences, according to a new J.D. Power survey.
WASHINGTON—The number of Americans who are members of credit unions increased to more than 142 million in January, according to the recently released America’s Credit Unions’ Monthly Credit Union Estimates.
WASHINGTON–Applicants have applied for three times more funding than is actually available following the close of the application period for the 2024 funding round of the CDFI Fund, CDFI Program, and Native American CDFI Assistance Program, according to the Treasury Department.
WASHINGTON–In an update on what the CFPB sees ahead for one of its priorities, open banking, Director Rohit Chopra is cautioning that the current standard-setters should not take their place in the market for granted.”
WESTBROOK, Maine–Tricorp FCU has named a new president and CEO to succeed the retiring Steve Roy.