WASHINGTON–Newly released minutes from the most recent meeting of the Federal Reserve’s Open Market Committee show officials believe they need to move “expeditiously” to raise rates to fight inflation.
Fresh Today
ALEXANDRIA, Va.–NCUA has issued a new Letter to Credit Unions that clarifies certain expectations for credit unions contemplating the use of new or emerging distributed ledger technologies (DLT).
WASHINGTON–The Consumer Financial Protection Bureau has sent letters to the nation’s biggest credit card companies with questions over why they are not regularly providing data to credit bureaus on the actual monthly payments their borrowers are making.
WASHINGTON—Both NAFCU and CUNA have sent letters to different audiences in Washington, one letter asking that no action take place, another asking that action does occur.
WASHINGTON–A bipartisan bill has been introduced in the Senate that seeks to update credit union board meeting requirements.
ALBUQUERQUE, N.M.–Kirtland Federal Credit Union said it has partnered with the New Mexico Veterans Memorial Foundation to support veterans in the state who have been impacted by wildfires.
WASHINGTON–A new report alleges “predatory lending practices” by EasyPay Finance and Utah-based, FDIC-supervised Transportation Alliance Bank (TAB Bank) are hurting military servicemembers, veterans, and their families.
ANCHORAGE, Alaska–Nuvision Alaska Credit Union has announced a number of initiatives for the upcoming Memorial Day weekend, including a gas card giveaway and a citywide cleanup.
SNELLVILLE, Ga.–The African American Credit Union Coalition (AACUC) has opened up registration for its 24th Annual Conference. The meeting is scheduled for Aug. 23-27 at the TradeWinds Island Resorts in St. Petersburg, Fla.
CHICAGO–A new study from TransUnion offers some new insights into the risk profiles of consumers who use buy now, pay later (BNPL) point-of-sale financing.