CLARKSVILLE, Tenn.–The $915-million Fortera Credit Union here and $53-million Vanderbilt CU, based in Nashville, have announced plans to merge, Clarksville Now reported.
Fresh Today
CHICAGO—Mortgage lending activity gained traction in the second quarter of 2025, lifted by improving affordability and easing interest rates, while younger borrowers continued carving out a growing presence in the home-equity market, according to TransUnion’s latest Credit Industry Insights Report.
NEW YORK—Earnings reports this quarter point to a resilient U.S. consumer — one still spending steadily despite ongoing economic uncertainty. Credit and debit cards remain central to that spending, and younger generations are playing a growing role in driving transaction volume heading into the holiday season, PYMNTS reported.
NEW YORK—JPMorgan Chase is receiving inquiries from government agencies and other parties about its policies and procedures amid the Trump Administration’s push to scrutinize banks over alleged “debanking” of certain industries or clients, Reuters reported.
WASHINGTON—Federal Reserve Governor Lisa Cook told an audience in Washington that the central bank is relying more heavily on high-frequency private-sector data as the federal shutdown delays key government releases, noting that real-time indicators still point to a gradually cooling labor market and inflation that remains above target.
ALEXANDRIA, Va.—While the National Credit Union Administration’s proposed 2027 budget currently reflects a nearly 10% increase over the 2026 plan, agency officials on Wednesday signaled that the final figure will likely be lower.
ALEXANDRIA, Va.—The GoWest Credit Union Association applauded NCUA’s sharp budget reductions during a public hearing Wednesday here, while urging the agency to preserve key support functions and maintain strong examiner training as it rightsizes its workforce.
ALEXANDRIA, Va.—NCUA Chairman Kyle Hauptman said Wednesday the agency is moving quickly to finalize its major internal reorganization, emphasizing that the shift is designed to fundamentally reshape how the regulator operates—not simply to do the same work with fewer people.
WASHINGTON—Mortgage applications decreased 1.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Oct. 31.
WASHINGTON--Stablecoins and digital assets are now entering the financial services industry due to the GENIUS Act, with credit unions well-positioned to provide trusted, safe and consumer friendly services to their members, America's Credit Unions explained.