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WASHINGTON—Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5% to $626 billion, The World Bank reported.

NEW YORK–Higher interest rates are putting a financial squeeze on many consumer finance companies and fintechs which have never been “battle-tested,” according to a new analysis.

WASHINGTON—The regulatory burden on credit unions from the CFPB needs to be reduced, according to a new letter to the House Financial Services Committee from NAFCU, which also told Congress the group has some thoughts on some other issues “pertinent to the CFPB.”

BASINGSTOKE, U.K.–A new study from Juniper Research is projecting the number of instant payment transactions will exceed 376 billion globally by 2027, up from 97 billion in 2022, or a 289% growth rate.

SOUTHLAKE, Texas—Sabre Corporation and Conferma Pay are now working with Mastercard to accelerate the use of virtual cards for business-to-business travel payments.

GLENDALE, Ariz.– Credit Union West is giving all 200 employees a holiday and inflation bonus of up to $1,000 combined.

DENVER–More open positions have been added to CUToday.info’s free job board, the Gig, which includes C-suite and other open positions for which CUs are seeking applicants. Among those jobs are two organizations seeking CEOs.