WASHINGTON—The federal government is on track to forgive at least $108 billion in student debt in coming years, according to a report that for the first time projects the full cost of plans that tie borrowers’ payments to their earnings.
Fresh Today
WASHINGTON–Issuers' costs of authorizing, clearing, and settling (ACS) debit card transactions, excluding issuer fraud losses, varied greatly during 2015, according to a new report published by the Federal Reserve Board, which also found a substantial increase in costs related to fraud.
WASHINGTON—Federal Reserve Board Gov. Lael Brainard learned more about the issues facing credit unions and the valuable role they play in the nation’s economy during a meeting Tuesday at Fed headquarters with the NAFCU board.
HONOLULU–The $1.4-billion Hawaii State FCU has selected the Omnix Lobby Tracker solution from FMSI, a provider of branch software.
RIVERDALE, Utah —Members of America First Credit Union here who skip a loan payment during the holiday months will help to provide shoes for children in need.
ALEXANDRIA, Va.–NCUA has banned four people from ever working again in credit unions.
LONDON–Credit union lending in the U.K. has grown significantly, according to the Bank of England.
HERNDON, Va.–NACHA, the Electronic Payments Association, which is the steward and rule maker of the ACH Network, has released Same Day ACH transaction volume data for October, the first calendar month following Phase 1 implementation.
ALEXANDRIA, Va.—Credit unions seeking further guidance on NCUA’s revised member business lending rule received it Tuesday through a (Letter to Credit Unions (16-CU-11).
WASHINGTON–Modest economic growth for 2017 is being forecast by Fannie Mae’s Economic & Strategic Research (ESR) Group.