THE news

WASHINGTON—Despite a strike against General Motors that depressed the month's numbers, October's "job report was a solid one which supports last week's Fed decision of a hawkish rate cut," said NAFCU Chief Economist and Vice President of Research Curt Long.

CINCINNATI—Car lease credit applicants registered a 72.9% approval rate in September, a four percentage point increase from the August rate of 68.9%, reports Swapalease.com.

NEW YORK–NCUA has been OK’d to amend its complaint to add a new plaintiff to attempt to establish standing and proceed with its lawsuit against Deutsche Bank National Trust Company (DBNTC), while the same court also ruled in part in favor DBNTC’s motion to dismiss, which limited the proceeding to NCUA’s breach of contract claims.

ALEXANDRIA, Va.–In the two weeks since the White House tweeted a video of NCUA Chairman Rodney Hood extolling the Trump administration and how it has helped African-Americans in the country, the tweet has drawn a range of response ranging from criticism to support.

LAWRENCEVILLE, Ga.—The average price of a used vehicle for model years 2013-2017 decreased in value -1.0% during September, with cars changing -1.1% and trucks changing -1.0%, according to Black Book.

WASHINGTON–When the current Congress got underway there were high hopes for progress on a number of CU priorities, such as data security and Bank Secrecy Act improvements. But with the clock ticking, the agenda is now dominated by discussion of impeachment hearings, Syria, and a half-dozen other investigations in the House.