NEW YORK— Deutsche Bank has published a new economic forecast that sees a “major recession” coming.
Fresh Today
WASHINGTON–Two Senate committees have announced hearings next week on the same day that will be of strong interest to credit unions, other financial institutions, retailers, consumers groups and more.
METARIE, La.— Xplore Federal Credit Union has named a new president and CEO.
WASHINGTON—Ahead of a congressional hearing here, both NAFCU and CUNA made clear they do not support any proposal allowing the Small Business Administration to get into the direct lending business.
ARLINGTON, Va.—New-home sales fell 8.6% in March to 763,000 annualized units, while February saw an upward revision of 47,000 units. Compared to last year, March sales were 12.6% lower.
WASHINGTON—In what some described as a “fiery” exchange, CFPB Director Rohit Chopra testified before the Senate Banking Committee and took heat from Republican members who criticized the Bureau’s enforcement activity around repeat offenders as well as broad requests for information on new financial technology firms.
GRAND PRARIE, Texas – Texas Trust Credit Union has cut the ribbon on a new branch here. The 4,280-square-foot facility was designed and constructed by and Keeley Construction.
NEW YORK–While its growth has been strong, a new forecast from Moody’s suggests buy now, pay later (BNPL) solutions have “significant growth potential” due to the appeal to both consumers and retailers.
ANTIGO, Wis.—The $2.7-billion CoVantage Credit Union has agreed to purchase the $277-million LincolnWay Community Bank, nearly 300 miles south in New Lennox, Ill.