Barclays is joining the central bank digital currency fray by organizing a hackathon aimed at developing code for retail CBDCs for consumers and wholesale CBDCs for interbank transactions. Meanwhile, Varo Bank joined a growing list of fintechs that have fallen on harder times.

Scroll though to see what you might have missed this week in banking, payments, credit unions and more.

Executives said the company may take a more conservative approach when it comes to adding new loans to its books in anticipation of an economic slowdown.

During the bank’s second-quarter earnings call, Cort O'Haver, president and CEO, said Umpqua and Columbia still hadn’t received an approval yet but were hoping to complete the integration next year.

Huntington Bancshares' net charge-off rate was 0.03% on June 30, which may be the 156-year-old company's lowest quarterly level ever, according to Chief Executive Steve Steinour. That contributed to its record $539 million 2Q profit.

Barclays' CBDC project, layoffs at Varo Bank and more in banking this week

The ability to pay with points, get virtual replacement cards and monitor data sharing are all on the list, according to Forrester Research.

The McLean, Virginia, company is starting to “trim around the edges” of its auto portfolio, CEO Richard Fairbank said. That move stands in contrast with Capital One's leaning into its credit card business, which helped push marketing spending above $1 billion.

Allan Rayson’s smart choices about Encore Bank’s technology have helped the institution succeed with just a handful of branches in more than a dozen markets.