WASHINGTON— Federal Reserve Chair Jerome Powell told a U.S. Senate panel Wednesday that while the Trump administration’s tariffs may lead to a one-time spike in prices, the risk of more persistent inflation is significant enough for the central bank to proceed cautiously with any further interest rate cuts, Reuters reported.
WASHINGTON--Through daily messages to the Senate as part of the Don’t Tax My Credit Union Week of Action, America’s Credit Unions is reinforcing how credit unions reinvest their earnings back into their members and the communities they serve.
WASHINGTON--The Defense Credit Union Council outlined nine policy priorities critical to the credit union mission in comments sent to the Senate Committee on Banking, Housing, and Urban Affairs ahead of the Committee’s hearing with Federal Reserve Chair Jerome Powell.
WASHINGTON--Travis Credit Union, Travis Air Force Base (AFB), and Otero Federal Credit Union, Holloman AFB, have been selected by the Department of the Air Force as the 2024 Air Force Distinguished Credit Union of the Year, the Defense Credit Union Council reported.
WASHINGTON—The American Bankers Association has launched a new, free, online platform that will allow member banks to more easily verify government checks and their payee information through the U.S. Treasury Department's existing Treasury Check Verification System (TCVS), the ABA announced.
WASHINGTON--As the Senate Banking Committee Subcommittee on Digital Assets discusses how to develop an effective regulatory framework for digital assets, credit unions are advocating for parity with banks to ensure a competitive marketplace exists for users and issuers of digital assets.
JACKSONVILLE, Fla.—A Jacksonville credit union member is facing serious prison time after being indicted for allegedly opening more than $60,000 in fraudulent loans and accounts using stolen identities, Jacksonville.com reported.
PLAINS TWP, Pa. — A Glen Lyon, Pa., man has been arraigned after allegedly robbing the City Mart Federal Credit Union on South River Street here, the Times Leader reported.
WASHINGTON--The Defense Credit Union Council submitted letters and comments ahead of key congressional hearings this week.
WASHINGTON—Despite President Trump’s continuing push for lower interest rates, Federal Reserve Chairman Jerome Powell Tuesday held his ground, saying it is still too soon to begin considering lowering rates.
