WASHINGTON—The Senate has voted 69-26 to confirm Richard Clarida as vice chairman of the Federal Reserve Board.
Fresh Today
NEW YORK–Consumers increasingly want to find answers to their questions without human interaction, a trend that can be seen in financial institutions branches and in the role of tellers, according to a new report.
DAYTON, Ohio—Two Buckeye State credit unions are merging. The $2.8-million St. Helen FCU said it will merge into Dayton Firefighters FCU. SHFCU has approximately 684 members.
MEXICO CITY – Mexico’s next government will look to fintech companies and large corporate banks to increase financial inclusion in the country, where only one-third of adults have a bank account, senior officials said.
MADISON, Wis.—Credit union loan balances rose 1.3% in June, faster than the 1.1% pace reported in June 2017, due to faster growth in new-auto loans (2.3% vs 1.2%) and fixed-rate first mortgages (1.5% vs 0.9%), according to CUNA Mutual Group’s August Trends Report.
AUSTIN, Texas–It’s the most fundamental question in any strategic plan: Will the credit union be here in five years? Ten?
WASHINGTON–Four in 10 Americans are struggling to pay for their basic needs such as groceries or housing, a problem that is confounding even middle-class households, according to a new study.
WASHINGTON–The Office of the Comptroller of the Currency (OCC) is looking for ways to overhaul the Community Reinvestment Act (CRA), a move being welcomed by the banking industry.
JACKSON HEIGHTS, N.Y.--NCUA has granted a federal charter and Share Insurance Fund coverage to Everest Federal Credit Union here.
WASHINGTON—Acknowledging implementation concerns related to the Financial Crimes Enforcement Network's (FinCEN) customer due diligence (CDD) and beneficial ownership provisions, NCUA Chairman J. Mark McWatters said "NCUA examiners have been instructed to accept a credit union’s reasonable and good faith efforts to comply with the new rule throughout 2018."