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LAHAINA, Maui, Hawaii–Credit union volunteers gathered here were given an update on regulatory priorities in the coming year, what a new Congress might mean, and whether there will be more oversight of climate change-related policies—and further cautioned that if the board is “sitting and hoping” the current interest rate environment will change, hope is not a strategy.

RANCHO CUCAMONGA, Calif.—The strong holiday shopping season gave a boost to card spending in December, Co-op Solutions is reporting.

ALEXANDRIA, Va.–In a new letter to credit unions, NCUA has outlined its 2023 supervisory priorities.

NEW YORK–A new analysis has found 27% of Americans are paying monthly fees, costs that include routine service charges to ATM and overdraft fees, with nearly half saying the fees are hurting them in preparing for a recession.

WASHINGTON–The Federal Reserve has released details around how it plans to conduct a pilot climate scenario analysis exercise with the six largest U.S. banks.

WASHINGTON—NCUA is being urged to amend the definition of commercial loan and raise the current threshold for net aggregate business loans excluded from the definition of a commercial loan to $250,000 from its current threshold of $50,000.

WASHINGTON–Big banks that repeatedly try but fail to fix material deficiencies in certain areas should consider divesting themselves of those business units, according to the acting Comptroller of the Currency.

IRVINE, Calif.– Origence said it is issuing a $50 per share dividend for calendar year 2022. The dividend represents a yield on investment of up to 6% for shareholders based on the average share price paid over time by shareholders, according to the company.

WASHINGTON—The Federal Reserve has released its first Beige Book of 2023 this week, finding relatively unchanged economic activity since the previous report.

LONDON—The Bank of England (BoE) is inviting applications from companies on a sample wallet that could one day hold its central bank digital currency (CBDC).