WASHINGTON − Lisa Cook’s lawyers cautioned Thursday that the Supreme Court would invite “chaos and disruption” if it allowed President Donald Trump to remove her from the Federal Reserve Board, USA Today reported.
Fresh Today
WASHINGTON—The Federal Trade Commission announced a landmark settlement with Amazon.com, Inc. and two of its executives, resolving claims the company deceptively enrolled millions of consumers in Prime memberships and deliberately made cancellations difficult. Under the order, Amazon must pay a $1 billion civil penalty, return $1.5 billion in refunds to affected consumers, and halt the unlawful enrollment and cancellation practices tied to Prime.
WASHINGTON--A recent CFPB proposal to adopt a standard definition to designate nonbanks for CFPB supervision would create an uneven playing field for credit unions. In comments filed with the Bureau Thursday, America’s Credit Unions Regulatory Affairs Counsel Tyler Maron expressed appreciation to the Bureau for working to limit regulatory burdens, while also raising these concerns about the impact to credit unions.
SAN ANTONIO—The $18.8-billion Randolph-Brooks Federal Credit Union has become the official credit union of the San Antonio Spurs, the NBA team announced.
WASHINGTON—Mortgage rates are forecast to end 2025 and 2026 at 6.4% and 5.9%, respectively, according to the September 2025 Economic and Housing Outlook from the Fannie Mae Economic and Strategic Research (ESR) Group.
ALEXANDRIA, Va. – NCUA has ceased using reputation risk and equivalent concepts in the examination and supervisory process, the agency announced.
MONTACLM COUNTY, Mich.—Community First Federal Credit Union closed all branches early Wednesday and Tri-County High School was placed on lockdown following a series of threats, Big Rapids Pioneer reported.
TALLAHASSEE, Fla.—LEVERAGE, the service corporation for The League of Credit Unions & Affiliates, is partnering with Pulsate, a leading provider of intelligent member engagement and mobile marketing solutions, LEVERAGE announced.
ALEXANDRIA, Va.--NCUA has released its staff draft budget for 2026–2027, projecting a 20.6% decrease from the 2025 budget.
MCLEAN, Va.--The rate for the 30-year fixed-rate mortgage, after falling in past weeks, inched up, averaging 6.30% this week, Freddie Mac reported.