WASHINGTON–The strong numbers shown in Friday’s jobs report continue to exceed most analysts’ expectations, but aren’t quite as strong as they appear at first blush, according to one credit union economist.
Fresh Today
WASHINGTON–As many had predicted, during his State of the Union address, President Joe Biden attacked “junk fees” and touted an announcement earlier in the week by the CFPB that is is capping credit card late fees.
WASHINGTON–A credit union CEO testifying before a House subcommittee repeatedly emphasized members understand and want overdraft programs, and that efforts by the CFPB and other regulators to limit fees will ultimately be harmful to everyone involved.
WASHINGTON–The sharp divide over the CFPB and government efforts to reduce or eliminate fees and to impose other regulations was apparent during a congressional hearing here, where a credit union CEO testified (see related story).
WASHINGTON—It’s critical the Senate Banking Committee understand the “immense pressure” credit unions are under in terms of compliance and operational challenges, America’s Credit Unions wrote to the Senate Banking Committee in advance of Federal Reserve Chair Jerome Powell’s testimony this week.
WASHINGTON—The Federal Reserve’s debit interchange proposal could undermine recent progress in bringing low- and moderate-income (LMI) consumers into the financial services system, a bipartisan group of representatives wrote Federal Reserve Chair Jerome Powell this week.
WASHINGTON—All but one candidate who was backed by credit unions in the 87 primaries that occurred this week in five states were victories, with one race yet to be called according to America’s Credit Unions.
WASHINGTON–The initial findings from the first set of research data that will be used to build a new gender strategy was unveiled during a luncheon by the Global Women’s Leadership Network.
WASHINGTON–The National Taxpayers Union has issued a statement saying credit union acquisitions of banks “raise questions” about the credit union tax exemption.
PASADENA, Calif.–With Daylight Savings Time and an hour of lost sleep for many approaching, Wescom Credit Union will once again be partnering with a local coffee chain to offer complimentary coffee and tea.