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MIAMI–Embedded finance, such as buy now, pay later (BNPL) solutions, is set to be worth $3.5 trillion to the global retail sector, according to a new report.

GRAND FORKS, N.D.–Cheryl Malm, the longtime CEO of Med Park Credit Union here, is retiring after more than 30 years of service to the industry.

WASHINGTON– America Saves, an initiative of Consumer Federation of America, has launched “Foundation $500,” which it is describing as a groundbreaking research initiative examining the effects of the cash infusions on saving, spending, and mental health with low-wage earning adults.

WASHINGTON—The Senate Finance Committee has released the tax provisions of the Build Back Better Act without the proposed expanded Internal Revenue Service (IRS) reporting requirements, which credit unions and other groups had strongly opposed.

BEIJING—China is introducing new rules for mobile payments in a move some experts say could pave the way for the future deployment of the country’s central bank digital currency — the e-CNY.

ALEXANDRIA, Va.– NCUA has named Kelly Lay, the current director of its Office of Business Innovation, to be its new director of the Office of Examination and Insurance.

WASHINGTON—The CFPB has added a new way for debt collectors to reach consumers—social media. However, debt collectors won’t be able to comment on posts or write up something for the public to see, USA Today reported.

KINGSPORT, Penn.— Eastman Credit Union said it will pay a $15 million extraordinary dividend to members in early 2022. Since the credit union made its first such payout in 1998, Eastman CU has paid out  $162 million in such dividends.