News stories tagged 2022
105 Countries Are Exploring Central Bank Digital Currencies, CBDC Tracker Shows
There are now 105 countries that are exploring central bank digital currencies (CBDCs). Among them, 50 countries are in an advanced phase of digital currency exploration (development, pilot, or launch)....
Senate Confirms Harper to Full Term on the NCUA Board
June 8, 2022 – The U.S. Senate voted to confirm Todd M. Harper’s reappointment to the National Credit Union Administration (NCUA) Board until April 10, 2027. The U.S. Senate voted...
Acting Comptroller Hsu Brings Crypto-Skepticism to Blockchain Summit
This week, Acting Comptroller of the Currency Michael Hsu gave remarks to the DC Blockchain Summit titled “Crypto: A Call to Reset and Recalibrate.” By speaking at the Blockchain Summit,...
Dimon Says Brace for U.S. Economic ‘Hurricane’ Due to Inflation
June 1 – Jamie Dimon, Chairman and Chief Executive of JPMorgan Chase & Co described the challenges facing the U.S. economy akin to an “hurricane” down the road and urged...
NASCUS Summary: NCUA Board Meeting
May 26, 2022 — The board meeting opened with a moment of silence in light of the recent tragedies across the country. The meeting agenda included one item for discussion...
The Federal Reserve Releases the May 2022 Financial Stability Report
The Fed’s Board of Governors released the May 2022 Financial Stability Report, which presents key insights into the state of the American economy. What did the Federal Reserve’s latest decisive...
Senate Approves Dr. Lisa Cook as First Black Woman on Federal Reserve Board of Governors
The Senate confirmed economist Lisa Cook on Tuesday to serve on the Federal Reserve’s board of governors, making her the first Black woman to do so in the institution’s 108-year...
Decline in Customer Satisfaction Continues but at a Slower Pace, ACSI Data Show
May 10, 2022 — Customer satisfaction in the U.S. is now at its lowest level in 17 years, sliding 0.1% to a score of 73.2 (out of 100) in the...
NASCUS Event: The Exchange
September 7 – 8, 2022 The Exchange (A NASCUS Initiative) is an annual issues-driven event that brings state- and federally-chartered credit union CEOs with assets greater than $10B+ together with...
Filene Issues Report on Climate Change
The Changing Climate for Credit Unions Climate change is one of the most important—if not the most important—challenges of the twenty-first century. Transformational change is necessary to confront and adapt...
Apple Pumps $25 Million Into Credit Unions & MDIs
The tech giant is working with fintech CNote to help underserved communities. The multinational technology company Apple, maybe best known for the iPhone, announced Thursday that it is working with...
Senators Demand Answers from Fidelity Over Plan to Allow Bitcoin As Part of 401(k) Accounts
Two senators are raising concerns following an announcement by Fidelity that it will allow customers to allocate bitcoin to their 401(k) retirement accounts. Sen. Elizabeth Warren (D-MA) and Sen. Tina...