WASHINGTON—The Federal Communications Commission should terminate the exemption to call authentication requirements of the TRACED Act for non-IP networks or set deadlines for providers to upgrade to IP networks or implement an alternate caller ID framework solutions, CUNA, NAFCU and other organizations wrote to the FCC.
WASHINGTON—Despite ending 2022 on a stronger-than-anticipated footing, the economy is still expected to slip into a modest recession beginning in the first half of 2023, the January 2023 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group is predicting.
ARLINGTON, Va.—Credit union leaders’ confidence in the economy and the future of their credit union fell in January, according to NAFCU’s Credit Union Sentiment Index (CUSI).
WASHINGTON–The Federal Reserve has released details around how it plans to conduct a pilot climate scenario analysis exercise with the six largest U.S. banks.
NEW YORK–When Goldman Sachs made a big splash by entering the retail banking market in 2016, it was considered another shot across the bow of credit unions. But it turns out it was the giant investment bank that has suffered most.
WASHINGTON—As the country steps into a new year, a growing concern among lenders is over the increasing number of automobile repossessions.
BASKING RIDGE, N.J.–A CUSO that is funded by 23 credit unions has bought the headquarters of Affinity Federal Credit Union here, which in turn is leasing the facility back.
WASHINGTON–Borrowing and lending volumes on commercial and residential mortgages will both slow in 2023, according to a new forecast from the Mortgage Bankers Association.
DETROIT–With credit unions continuing to post record loan numbers, and with CUs cumulatively the largest auto lender in the U.S., U.S. auto sales are projected to total 13.7 million vehicles in 2022, the lowest figure in more than a decade and an 8% decrease from 2021, according to a joint forecast by J.D. Power and LMC Automotive.
NEW YORK– The lowest average annual pay that workers were willing to accept from a new employer is $73,667, according to a new survey by the New York Federal Reserve Bank.
