WASHINGTON–The Federal Reserve has quickly boosted rates during 2022, sending loan rates and especially mortgage rates soaring. So, why haven’t savings rates followed, one senator wants to know.
Fresh Today
WASHINGTON–The Federal Reserve’s vice chair is indicating it may be time to begin slowing the pace of interest rate increases.
TROY, Mich.–Inflation isn’t fading, but new data from J.D. Power suggests Americans are getting a better handle on how to manage their finances in the face of challenging economic conditions.
WASHINGTON—As Congress reconvenes for the lame-duck session following the midterm elections, NAFCU has written to both chambers to highlight several issues it said credit unions are concerned with.
ALEXANDRIA, Va.– Two small West Virginia credit unions that were located just 20 miles from each other and which were conserved by NCUA in October have been liquidated.
WASHINGTON—NAFCU has joined with financial services trades and other organizations to write the Federal Communications Commission (FCC) over its crackdown on illegal texts, reiterating what the groups said is the need to ensure these efforts don’t hinder financial institutions and businesses from providing consumers with need-to-know information.
WASHINGTON—NAFCU and CUNA have each written letters to the Cybersecurity and Infrastructure Security Agency (CISA) in response to the organizations request for information (RFI) on implementing the Cyber Incident Reporting for Critical Infrastructure Act (CIRCIA).
SEOUL, South Korea–Representatives of five credit unions from Oregon travelled overseas to do a “deep dive examination” of South Korea’s largest credit union system, according to the World Council of Credit Unions.
MADISON, Wis.–Two credit unions have named new leadership.
COLUMBUS, Ohio– Pointing to the overall costs of fraud to businesses and consumers, the Ohio Credit Union League said it is participating in International Fraud Awareness Week this week to promote anti-fraud awareness and education.