WASHINGTON–Four Democratic members of the Senate Banking Committee are calling on regulators to review SoFi’s cryptocurrency trading activity, suggesting the company’s "digital asset activities pose significant risks to both individual investors and safety and soundness,” especially since it also operates as a bank holding company.
IRVINE, Calif.–CU Direct has announced it will rebrand the company as Origence, saying the change reflects its vision to create the “ultimate origination experience and help credit unions win in a digital-first world.”
WASHINGTON—After rebounding at a 2.6% annualized rate in Q3 2022 on the strength of net exports, real gross domestic product (GDP) is projected to turn negative again in the fourth quarter as the temporary boost from international trade moderates, according to the November 2022 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.
MADISON, Wis. – Forty-eight more people have graduated from the National Credit Union Foundation’s Development Education (DE) program. The fourth and final cohort of 2022 marked the end of the DE program’s 40th year, the Foundation said.
NEW YORK—Launched just in time for Black Friday deals, a new U.S. Bank Shopper Cash Rewards Card is now offering up to 6% cash back on up to $1,500 in combined purchases at two major retailers every quarter.
WASHINGTON–With credit unions still focused on priorities in the lame duck session of Congress, attention is already turning to what the 118th Congress might hold when it convenes next year—and it’s going to be tight.
WASHINGTON—Should a recession occur, credit union won’t feel the effects all that deeply, according to a new forecast from CUNA.
RANCHO CUCAMONGA, Calif. – Mixed economic signals are leaving consumers “feeling uneasy” ahead of the holiday shopping season, according to Co-op Solutions, which is forecasting slower sales growth during the holidays.
ARLINGTON, Va.—Existing home sales declined 5.9% in October to a seasonally-adjusted annualized rate of 4.4 million units, marking the ninth straight month of declining sales and representing a 28.4% decrease in sales compared to last year, NAFCU reported.
WASHINGTON—The Senate Finance Committee is being asked to make current mortgage insurance premium tax deductions permanent.
