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PHILADELPHIA— Federal Reserve Chair Jerome Powell said the central bank is approaching the point where it may slow or halt the runoff of its $6.5-trillion balance sheet, noting that liquidity conditions are tightening slightly but remain well controlled under the Fed’s “ample reserves” framework.

WASHINGTON--Credit unions’ guiding principle of increasing the financial stability of members is active through the government shutdown. America’s Credit Unions President/CEO Jim Nussle shared how the association is leading credit unions in this focus with House Financial Services Committee Ranking Member Maxine Waters (D-CA) in a letter sent Tuesday. 

WASHINGTON--Applications for NCUA’s Community Developing Revolving Loan Fund (CDRLF) grants are now open through Dec. 16. The fund will award approximately $3.465 million to between 85 and 115 low-income designated (LID) credit unions, according to the agency’s Notice of Funding Opportunity.

NEW YORK—More than one million Americans have signed up for the Klarna Card since its U.S. debut on July 4, the company said, marking one of the fastest adoption rates for a new consumer payments product this year.

WASHINGTON—A federal judge on Wednesday halted the Trump Administration’s plan to lay off thousands of federal employees during the ongoing government shutdown, ruling  the effort appears politically driven and legally improper, POLITICO reported.