CANBERRA, Australia—Australia’s new central bank governor has expressed support for a wholesale central bank digital currency (CBDC) over a retail version, with one report saying the plan points to the successes gleaned from recent case studies.
Fresh Today
WASHINGTON–At year-end 2023 inflation firmed up a bit according to new data for December, but the pace of price gains fell by almost half during the full year.
WASHINGTON—The consumers are expecting mortgage rates to decline over the next 12 months can be seen in the latest Fannie Mae Home Purchase Sentiment Index (HPSI), which increased 2.9 points in December to 67.2.
NEW YORK—Consumers spent a whopping $222.1 billion online during the holiday season as usage of flexible spending options—notably BNPL—hit an all-time high, according to new data.
WASHINGTON–Consumer credit card debt hit $1.27-trillion in November of 2023, which is 6% higher than 2022 after adjusting for inflation, according to an analysis of Federal Reserve data by WalletHub.
CALEDONIA, Mich.–With plans to retire in March, Lake Michigan Credit Union has named a successor to CEO Sandra Jelinski.
MADISON, Wis.— CUES is now accepting applications for its 2024 emerging leader program, CUES Emerge.
GREENSBORO, N.C.– Vizo Financial said it and its payments CUSO, MY CU Services, have begun onboarding credit unions on the Federal Reserve’s FedNow Service.
TEMPE, Ariz. – TruWest Credit Union has relocated its headquarters.
WASHINGTON—More than $200-billion in suspicious activities were identified by financial institutions during the calendar year 2021, according to a new report.