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BOISE, Idaho­–The third quarter economic data may “suck,” but credit unions shouldn’t worry—the economy is healthy and getting healthier, according to one economist, who added that while many are watching the Fed, what they should really be doing is “watching rents like a hawk” while keeping the other eye on used car loans.

SNELLVILLE, Ga.–Calling it a “harmful decision” by NCUA, leaders from the African American Credit Union Coalition, the National Association of Latino Credit Unions and Professionals and Hope Credit Union have sent a letter to the NCUA board stating the 15-year limit made to the term of Emergency Capital Investment Program (ECIP) investments in CUs will “severely impact” Black and Latinx-owned credit unions, as well as their members.

NAPERVILLE, Ill.—Credit unions have worked hard for their members to help them through the pandemic. Now, many are turning their focus to their communities to provide assistance—and a new effort from Alloya Corporate FCU aims to help them do that.

WASHINGTON—NAFCU has sent a letter to leaders of the House Ways and Means Committee and Senate Finance Committee highlighting the trade association’s opposition to including new IRS reporting requirements for financial institutions in the Build Back Better Act (BBBA).

WASHINGTON — The US Department of Education has announced major changes to a federal student loan forgiveness program it says could provide relief to more than 550,000 borrowers working in government and nonprofit sectors.

LONDON — British financial technology firm Wise has debuted an investments feature that allows users to invest in stocks through multiple currencies and spend their holdings.

WASHINGTON—As the result of a lawsuit filed by two CUs, credit unions and other financial institutions affected by a 2018 data breach at Toronto-based Hudson’s Bay can use the settlement website to file a claim. Claims must be filed by Feb. 17, 2022.

SANTA ROSA, Calif.– This summer more than 3,150 residents in Marin, Napa, Sonoma, and Mendocino counties in California took action to protect themselves from fraud and identity theft by bringing old financial records and other paperwork to Redwood Credit Union’s (RCU’s) free Shred-a-Thons.

ARLINGTON, Va.—Total vehicle sales fell from 13 million annualized units to 12.2 million annualized units in September, with monthly sales levels down 25.2% year over year.