WASHINGTON— Divisions inside the Federal Reserve ran deeper than the final vote suggests when policymakers cut interest rates earlier in December, according to FOMC meeting minutes released this week.
Fresh Today
TRAVERSE CITY, Mich. —The $1-billion 4Front Credit Union here has purchased Horizon Bank’s Charlevoix branch, acquiring the building, its customers, and the branch’s book of business.
WASHINGTON—A federal judge has blocked the Trump Administration from allowing the CFPB to run out of money, rejecting a last-minute legal argument that would have effectively shut down the consumer watchdog just days before it was set to exhaust its funds.
WASHINGTON — President Donald Trump this week revived his threat to sue Federal Reserve Chair Jerome Powell for what he called “incompetence,” while signaling he plans to announce his preferred successor to the Fed chairmanship in January, the Financial Times reported.
WASHINGTON — The Federal Reserve Board and the FDIC announced updated 2026 asset-size thresholds under the Community Reinvestment Act, reflecting inflation adjustments that will determine how banks are examined for compliance.
WASHINGTON— Use of the Federal Reserve’s standing overnight liquidity backstop jumped on Monday, underscoring persistent funding-market pressures as year-end approaches.
DEARBORN, Mich.—Ford Motor Co. plans to take about $19.5 billion in special charges as it scales back parts of its electric-vehicle strategy, abandoning some larger battery-electric models and redirecting investment toward hybrids and extended-range electric vehicles (EREVs)—a move that underscores cooling U.S. EV demand and growing pressure on EV economics, according to GlobalData.
MIAMI--Nearly 60% of Americans believe 2026 will be better for their personal finances than 2025, according to a new WalletHub survey, signaling cautious optimism even as inflation remains a dominant concern for households.
OSWEGO, Ill. — Earthmover Credit Union has named longtime executive Janel Cabadas as its next president and CEO, effective Jan. 1, 2026, following the retirement of current President/CEO Kelly McDonough.
NEW YORK—Financial institutions that mishandle scam incidents risk losing customers—and future business—according to a recent PYMNTS Intelligence report that frames fraud not just as a consumer harm issue, but as a growing threat to institutional trust and retention.