FRB Richmond: Benefits to CBDC in Long Run
Consistent with FRB Chairman Powell and Vice Chair Quarles, a new economic brief from the Federal Reserve Bank of Richmond concludes that, while rapid implementation of a U.S. CBDC is problematic, CBDC may prove beneficial in the long run.
Tougher Mortgage-Servicer Enforcement Effective Today
As of a notice in today’s Federal Register, the CFPB’s new mortgage-servicer enforcement policy takes effect.
Another Central Bank Goes CBDC Slow
As we noted earlier today, many in the Federal Reserve System are cautious when it comes to CBDC. The same was not expected from the Riksbank in Sweden, but its new report makes clear that, even in a nation where cash use may be the lowest across advanced countries, CBDC introduction raises complex challenges.