ARLINGTON, Va.—The U.S. economy added 1.8 million jobs in July, and the sharp slowdown is largely due to inaction around a new stimulus package and school closures, according to NAFCU Chief Economist and Vice President of Research Curt Long.
Fresh Today
ARLINGTON, Va.–A series of executive orders signed by President Trump aimed at stimulating the economy and whose constitutionality is being challenged will likely not help nor hinder Congress as it seeks to pass a phase IV stimulus package of its own, according to a NAFCU executive.
WASHINGTON–What kind of financial relief will be brought to Americans by the executive orders signed by President Trump over the weekend? Not much, according to a number of analysts who continue to stress it’s Congress that needs to act.
LONDONDERRY, U.K.–While his passing has gone largely unnoticed in the United States, a legendary figure in credit unions whose work also earned him a Nobel Prize but who considered his founding of a CU to be his greatest achievement, has died.
WASHINGTON—NAFCU has written the Internal Revenue Service in opposition to the notice of proposed rulemaking regarding an excise tax on excess executive compensation for tax-exempt organizations.
MOUNTAINVIEW, Calif.–In addition to one newly added credit union, Google announced it is also partnering with five other financial institutions in a partnership on checking accounts.
WASHINGTON—The Federal Financial Institutions Examination Council has issued a statement setting forth what it said are prudent risk management and consumer protection principles for financial institutions to consider while working with borrowers as initial coronavirus-related loan accommodation periods come to an end and they consider additional accommodations.
WASHINGTON–Credit unions are watching three state primaries and a run-off today.
ALEXANDRIA, Va.–NCUA is again cautioning credit unions over risks related to the coronavirus pandemic.
EL PASO, Texas–FirstLight FCU has launched a “BETTER IS ABOUT TO GET BETTER Rewards Loyalty Program,” which it is describing as a proprietary service solution to enhance the member’s engagement and experience.