Fresh Today

WASHINGTON—Federal regulators are reportedly preparing to significantly ease capital requirements for banks—rules originally put in place to help prevent a repeat of the 2008 financial crisis.

WASHINGTON--Consumer sentiment unexpectedly fell in early May, with the index dropping to 50.8 from 52.2 in April—marking the second-lowest reading on record, surpassed only by June 2022.

WASHINGTON—The CFPB has withdrawn its proposed rule that would have banned contractual clauses in consumer financial product or service agreements that waive key legal rights and protections.

WASHINGTON--Legislative efforts on the state and federal level to make changes to the interchange system would bring significant challenges that harms consumers—especially those in smaller communities and low-income households, a new report reveals.

WASHINGTON--As the House Budget Committee prepares to insert the House Ways and Means Committee’s tax reconciliation language into a larger legislative package, America’s Credit Unions sent a letter to the committee to encourage continued legislative support to secure the credit union tax status in the final bill. 

ST. PETERSBURG, Fla.— Even as consumer sentiment and confidence continued to erode, consumer purchasing behavior remained positive in April, with increased growth in debit activity and ongoing consistent growth in credit activity, according to the May edition of the Velera Payments Index.

MCLEAN, Va.--The 30-year fixed-rate mortgage continues to hover under 7%.

TROY, Mich. — Amid a volatile economic environment where customer satisfaction is rising sharply for lending products like mortgages and auto loans, personal loans are falling behind—with overall satisfaction remaining stagnant, a new study shows.

SPRINGFIELD, Mo.--The $440-million Assemblies of God Credit Union has become an affiliate member of the Defense Credit Union Council.

JOLIET, Ill.–The $878-million NuMark Credit Union has named Michelle Balog president and CEO.