ARLINGTON, Va.– Retails sales increased a seasonally adjusted 1.3% in October compared with September, the strongest growth since early 2022 and a sign the economy remains resilient, according to new data from the Commerce Department.
Fresh Today
DUBLIN, Calif.—Patelco Credit Union said it is now offering the Schwab Intelligent Portfolios Platform to offer members an automated investing Robo Advisor tool.
WASHINGTON—The Federal Trade Commission is extending by six months the deadline for companies to comply with some of the changes the agency implemented to strengthen the data security safeguards financial institutions must put in place to protect their account holders’ personal information.
WASHINGTON–During testimony before the Senate, NCUA Chairman Todd Harper offered an update on the state of credit unions, repeated a call for two expanded authorities, heard NCUA both praised and criticized, and offered a one-word answer when a senator wanted assurances certain language would not appear again in the agency’s strategic plan.
WASHINGTON–A preview of how congressional oversight of financial institution regulators might change in the next Congress was apparent during a Senate Banking Committee hearing on Tuesday at which NCUA was both criticized and praised.
WASHINGTON–The Federal Reserve has quickly boosted rates during 2022, sending loan rates and especially mortgage rates soaring. So, why haven’t savings rates followed, one senator wants to know.
WASHINGTON–The Federal Reserve’s vice chair is indicating it may be time to begin slowing the pace of interest rate increases.
TROY, Mich.–Inflation isn’t fading, but new data from J.D. Power suggests Americans are getting a better handle on how to manage their finances in the face of challenging economic conditions.
WASHINGTON—As Congress reconvenes for the lame-duck session following the midterm elections, NAFCU has written to both chambers to highlight several issues it said credit unions are concerned with.
ALEXANDRIA, Va.– Two small West Virginia credit unions that were located just 20 miles from each other and which were conserved by NCUA in October have been liquidated.