WASHINGTON—Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5% to $626 billion, The World Bank reported.
Fresh Today
WASHINGTON—The CFPB has issued a technical amendment to the Home Mortgage Disclosure Act (HMDA) rule to update Regulation C to reflect the closed-end mortgage loan threshold, in accordance with a recent court decision.
WASHINGTON–As widely expected, despite indicators of cooling inflation the Federal Reserve’s Open Market Committee has voted to boost interest rates another 50 basis points, bringing its target range to decided to raise the target range for the federal funds rate to 4.25%--4.50%, and indicated the increases will continue.
NEW YORK–Community banks and credit unions could discontinue offering instant-payment apps like Zelle if required to reimburse consumers who are victimized by scams, according to NAFCU and the Independent Community Bankers of America (ICBA).
WASHINGTON–With the Federal Reserve expected to announce another rate increase today, new data show consumer prices rose last month at the slowest 12-month pace since December 2021, credit union economists are saying.
WASHINGTON—With the House and Senate investigating what contributed to the collapse of FTX, a cryptocurrency company now in bankruptcy, NAFCU is calling for a clear regulatory framework to be created for cryptocurrency and other financial technologies.
WASHINGTON—As Congress continues its work in hammering out an end-of-year government funding package, NAFCU has outlined the priorities it would like to see before the 117th Congress adjourns.
PANAMA CITY, Fla.– Tyndall FCU has paid out $13.7 million to members. The payout was given to more than 70,000 qualifying members and deposited directly into their savings accounts.
RANCHO CUCAMONGA, Calif.—Both credit and debit spending were down for consumers in November, Co-op Solutions payments data show, with the company saying it has identified three trends in its analysis, including some surprises.
TULLAHOMA, Tenn.– Ascend Federal Credit Union has donated $175,000 to the National Credit Union Foundation to support its financial health and well-being initiatives.