Fresh Today

MADISON, Wis.—Filene Research Institute, in collaboration with World Council of Credit Unions (WOCCU), published a major new study in October examining how credit unions can play a more impactful role in addressing global housing challenges.

BRUSSELS, Belgium— The FDIC will begin allowing private-equity firms and other nonbanks to bid on failed banks, a major policy shift intended to make future resolutions faster and less costly, Acting Chairman Travis Hill announced.

CHARLOTTE, N.C. —U.S. adults overwhelmingly trust banks more than any other entity to protect them from fraud, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association.

SAN JOSE, Calif.—First Tech Federal Credit Union is taking two of the nation’s largest broker-dealers to court, alleging its former investment advisors stole confidential member information when they abruptly left to join competing firms, Yahoo Finance reported, citing a Wealth Management article.

PLANO, Texas—Nearly 20% of home listings reduced their prices last month in what might be another sign that the housing market continues to slow, one economist points out.

WASHINGTON—America’s Credit Unions Chief Economist Curt Long said the organization’s forecast group expects modest economic growth and additional rate cuts by the Federal Reserve before year-end.

WASHINGTON—The dispute over the future of the CDFI Fund appears to reflect an internal ideological divide within the Trump Administration, rather than a short-term political bargaining tactic, according to one Washington observer.

WASHINGTON--The Defense Credit Union Council Monday submitted a letter to the leadership of the Subcommittee on Housing, Transportation, and Community Development sharing its appreciation for the subcommittee’s attention to housing innovation as the nation faces an affordable housing crisis, the trade group said. 

WASHINGTON—The government shutdown continues this week, with the Senate in Washington and the House remaining in-district.