SAN FRANCISCO—The Money Anxiety Index, which measures the level of financial confidence of consumers based on actual financial behavior, decreased 1.2 index points in February reflecting consumer resiliency despite the Coronavirus.
Fresh Today
SOUTH PORTLAND, Maine—Atlantic Regional FCU has paid $18.1 million for an office building here that will become its new headquarters.
LONDON—The United States. is 17th in terms of the most secure countries when it comes to cyber readiness, a new report suggests.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has assessed a $450,000 civil money penalty against Michael LaFontaine, former chief operational risk officer at U.S. Bank, for his failure to prevent violations of the Bank Secrecy Act (BSA) during his tenure, the agency announced.
WASHINGTON–The American Bankers Association has filed a petition asking the Supreme Court to hear its challenge to NCUA’’s field-of-membership rule.
WASHINGTON–The entire U.S. yield curve fell below 1% for the first time in history as rising expectations that the Federal Reserve will cut policy rates to zero in the coming months drove investors to reach for longer-dated securities.
WASHINGTON–The chances of a recession have “meaningfully risen,” according to one economist who frequently speaks to credit union events.
ARLINGTON–NAFCU will be hosting a free webinar on March 17 aimed at helping credit unions determine their institution's readiness to handle a pandemic as the threat of the coronavirus increases.
WASHINGTON—As the threat from the coronavirus pandemic continues to spared, CUNA is calling on Congress to increase CDFI and CDRLF funds, while NAFCU has sent a letter to the Trump Administration and Congress outlining how CUs prioritize the health and safety of members.
WASHINGTON—CFPB Director Kathy Kraninger, while testifying before the Senate Banking Committee this week, provided updates on efforts related to amending the definition of a qualified mortgage (QM) and potential expiration of the government-sponsored enterprise (GSE) patch, as well as the Bureau's authority under the Military Lending Act (MLA).