WASHINGTON–Even though mortgages rates actually declined last week, both refinance and purchase loan demand declined, with total mortgage application volume down 11% for the week, according to the Mortgage Bankers Association's seasonally adjusted index.
ARLINGTON, Va.—Total retail sales rose by 0.9% in April, following an increase of 1.4% in March and an increase of 1.7% in February—a sign that the Federal Reserve still has room to raise rates without causing a recession, according to a new NAFCU analysis.
RANCHO CUCAMONGA, Calif. – Several months of consumer price pressures, stock market volatility, geopolitical threats and rising interest rates are beginning to take their toll on consumer spending, reported Co-op Solutions.
WASHINGTON–Credit unions have won one and lost one after a House committee marked up a number of bills, including one piece of legislation that had their strong backing and another—which would give NCUA oversight of third party vendors—that CUs have strongly opposed.
WASHINGTON–Twenty-nine of the 31 candidates who received funding from the Credit Union Legislative Action Council and the respective state leagues won their races this week in the five states that held primaries, according to CUNA.
CARMEL, Ind.—Allied Solutions has acquired CU Direct’s Lending Insights platform.
DALLAS– Families have a long way to go in terms of preparing children to become financially self-sufficient, according to findings from a survey conducted by the National Financial Educators Council (NFEC).
MADISON, Wis.—The European Council presidency and European Parliament have reached a provisional agreement on the Digital Operational Resilience Act (DORA) that allows for the “proportional treatment” of credit unions under new regulatory requirements on the security of financial institution network and information systems.
GREAT FALLS, Mont.– Members of Embark Credit Union have voted in favor of merging into Spokane Valley, Wash.-based Horizon Credit Union.
RAPID CITY, S.D.– The Dakota Credit Union Association (DakCU) has announced the results of its board election.
