WASHINGTON–Some of the governors with the Federal Reserve have offered some additional insights into their thinking around the direction of rates in 2024, although there is some disagreement around how many rate cuts might take place and when.
Fresh Today
WASHINGTON–The lowest mortgage rates the market has seen in six months has more home shoppers back in the market, but the same can’t be said for those who already own homes and who might previously have considered selling, according to a new report.
WASHINGTON–The banking industry is facing a “$160 billion” conundrum when it comes to commercial real estate, according to a new report.
Consumers Added $30 Billion in Card Debt During Q3, But That’s Still Below Record, Analysis Suggests
MIAMI—Consumers added $30 billion in debt during the third quarter of 2023, which is 24% less than last year, according to WalletHub’s new Credit Card Debt Study.
WASHINGTON—The Federal Trade Commission announced it is extending the comment period on junk fees, which have been a focus under the Biden Administration.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) said it has taken another step to crack down on illicit finance and enhance corporate transparency by issuing a final rule that establishes the framework for access to and protection of beneficial ownership information (BOI).
SANTA ROSA, Calif. –Two credit union CEOs presented the UCSF Benioff Children’s Hospital here with a check for $331,000 on behalf of the Credit Unions for Kids Wine Auction held earlier this year.
GLENDALE, Ariz.–Credit Union West said it has teamed up with Camelback Ranch-Glendale to launch the West Valley Resident Pass presented by Credit Union West for the 2024 Spring Training season.
HELENA, Mont.–Twenty credit union professionals from eight credit unions across Montana have received their Certified Credit Union Financial Counselor (CCUFC) designation by completing the Enhanced Financial Counseling Certification Program (FiCEP) through Montana’s Credit Unions, the state’s trade association.
BERN, Switzerland—The Swiss National Bank – together with five Swiss and one German commercial bank – have started a pilot project with a central bank digital currency for financial institutions on the regulated platform of SIX Digital Exchange (SDX).