WASHINGTON— U.S. job growth rebounded in March after a surprising decline the month before, with employers adding 178,000 jobs and private-sector hiring coming in much stronger than expected, a result analyst Brian Turner said gives the Federal Reserve added cover to keep rates steady as policymakers continue to watch inflation and broader labor-market shifts.
WASHINGTON--In its FY2027 budget proposal, the Trump Administration proposes cutting $204.5 million from discretionary awards for the Community Development Financial Institutions (CDFI) Fund, according to documents sent Friday to Senate Appropriations Committee Chair Susan Collins (R-ME).
LAKEWOOD, Wash.--The Defense Credit Union Council, in collaboration with CUES, successfully hosted a Northwest Sub-Council meeting on Friday, March 27, at Harborstone Credit Union headquarters here, DCUC reported.
WASHINGTON--When it comes to fighting fraud, even small changes can make a big impact. In a letter sent to the CFPB sent Thursday, America’s Credit Unions urged the Bureau to make a small regulatory clarification that would help reduce fraud and strike a balance between security and usability.
WASHINGTON--With the Office of the Comptroller of the Currency proposing reforms, the NCUA should undertake a rulemaking to align more closely and modernize its appeals process for supervisory decisions to allow for a more transparent, independent, and accessible process, America’s Credit Unions asserted.
ALEXANDRIA, Va.--NCUA will hold and open board meeting on Thursday, April 9, the agency announced.
WASHINGTON— The Treasury Department is seeking public comment on whether major cyber incidents are being handled adequately under the federal Terrorism Risk Insurance Program, reopening debate over whether catastrophic cyberattacks may eventually require a government insurance backstop, Bank Info Security reported.
VERNON HILLS, Ill.—Baxter Credit Union said President and CEO Michael G. Valentine plans to retire in 2027, capping a 42-year run at the credit union, while longtime executive Jim Block has been named his successor as president effective July 1, 2026.
CHELSEA, Mass.— Metro Credit Union and Members Plus Credit Union said they plan to merge in a deal that would create a $3.5-billion institution serving about 214,000 members through 25 branches, with Metro Credit Union as the continuing CU if approved by members and regulators.
MCLEAN, Va.--The 30-year fixed-rate mortgage averaged 6.46% this past week, Freddie Mac reported.
