WASHINGTON—The Consumer Price Index rose 2.4% year-over-year in March, indicating progress in the Federal Reserve's efforts to curb inflation toward its 2% target. This figure came in lower than the 2.6% increase predicted by several analysts.
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WASHINGTON—Following up on its targeted digital advertising campaign to defend credit unions’ tax-exempt status, the Defense Credit Union Council reached out Thursday to every office on Capitol Hill, reminding them of the value of credit unions.
NEW YORK—The payments industry should brace for the impact of Trump tariffs, says GlobalData which adds that shockwave is headed its way if the blanket Trump tariffs return.
WASHINGTON—The Defense Credit Union Council is collaborating with the National Association of Credit Union Chairs (NACUC), DCUC announced.
SAN JOSE, Calif.—PayPal is making a big move to boost consumer use of its service at the point of sale—giving away $10 million.
WASHINGTON--Wednesday President Donald Trump announced a 90-day pause on the “reciprocal tariffs” with most countries, while increasing the retaliatory tariff on China.
WASHINGTON—Treasury Secretary Scott Bessent Wednesday shared his insights on banking regulation, discussing proposed changes to the capital buffer framework for the largest banks, deposit insurance reform, and Treasury’s expanding role in bank oversight.
WASHINGTON—Saying the U.S. regulatory framework has grown expansively to become overly complicated and redundant, Federal Reserve Governor Michelle Bowman outlined her vision for regulatory reform during her confirmation hearing to serve as the Fed’s next vice chair for supervision.
WASHINGTON – The U.S Treasury Department Wednesday said it is taking immediate action to eliminate 15 rules and guidance materials.
WASHINGTON—The House Wednesday passed, by a 217-211 vote, Senator Tim Scott’s (R-SC) joint resolution (S.J. Res. 18) to repeal the CFPB’s overdraft rule, “Overdraft Lending: Very Large Financial Institutions.”