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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.

WASHINGTON—The International Monetary Fund may be considering creating a central bank cryptocurrency, a new report suggests.

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—The OCC has released its bank supervision operating plan for fiscal year 2020, identifying what each of the agency’s supervisory operating units will focus on for the new federal fiscal year that started Oct. 1.

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.

MINNEAPOLIS, Minn.–One of the people who was expected to play a major role in the launch of a black-owned credit union in this city who was ousted from the job said she was dismissed after she accused the organization of discriminating against a white employee.

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.

WASHINGTON–The FDIC says it is looking for “techies” to join its ranks, including someone to become its chief innovation officer to lead a “Tech Lab” it has formed to promote innovation.

UNITY, Maine–A startup credit union that aims to support farmers and food producers in Maine is scheduled to officially open its doors here today, with Maine’s governor to cut the ribbon and the granddaughter of President Franklin Delano Roosevelt to make the first deposit.

WASHINGTON—The International Monetary Fund may be considering creating a central bank cryptocurrency, a new report suggests.