A Recession in 2023? It’s Complicated, Says New Fannie Mae Commentary 05/23/2023 07:41 pm WASHINGTON—The economy is still expected to enter a modest recession in the second half of the year, al though “unusual dynamics” in the current economic cycle continue to “complicate forecasting the exact timing,” according to Fannie Mae’s Economic and Strategic Research (ESR) Group’s latest monthly commentary.
Long-Held Theory in Banking About Deposits Has Been Upended, Report Suggests 05/23/2023 07:41 pm NEW YORK–A new report suggests recent bank failures are upending a long-held theory among banking executives and regulators—"that the value of a lender’s deposit business goes up when interest rates move higher.”
Washington Update: Senator Will Not Seek Re-Election; New Nominee for FCC Post 05/23/2023 07:40 pm WASHINGTON–Sen. Tom Carper (D-DE) has announced he will not seek re-election in 2024.
Trellance In Partnership With Adlumin 05/23/2023 09:32 pm TAMPA—Trellance, a provider of analytics, cloud and talent solutions to credit unions, said it has entered into a partnership with Adlumin, a security operations platform and managed detection and response (MDR) service provider.
Enhanced Regulation of GSEs Could Mean Higher Costs for CUs, NAFCU Tells Congress 05/23/2023 07:41 pm WASHINGTON— Concerns that enhanced regulation of the government-sponsored enterprises (GSEs) could lead to higher mortgage costs for credit unions were raised in a letter sent by NAFCU ahead of a congressional hearing on the Federal Housing Finance Agency (FH
PenFed Foundation Raises $1.3 Million at Gala 05/23/2023 09:32 pm TYSONS, Va.--The PenFed Foundation, a national 501(c)3 founded by PenFed Credit Union, said it raised more than $1.3 million at its 19th Annual Night of Heroes Gala.
NCUA Reminds Deadline Approaching to Apply for Community Development Revolving Loan Fund Grants 05/23/2023 07:40 pm ALEXANDRIA, Va.–NCUA announced low-income and MDI credit unions have until June 30 to apply for Community Development Revolving Loan Fund grants.
