WASHINGTON—Despite heavy lobbying, a proposal requiring new reporting to the Internal Revenue Service that is strongly opposed by credit unions and other financial services organizations will remain in the final version of a House reconciliation bill, according to Speaker of the House Nancy Pelosi.
Fresh Today
WASHINGTON–The Consumer Price Index for All Urban Consumers increased 0.4% in September on a seasonally adjusted basis after rising 0.3% in August, the U.S. Bureau of Labor Statistics reported, and two credit union economists have now weighed in with views on what the data mean.
NEW YORK–With home prices at record highs following record appreciation in recent years, many borrowers and lenders alike are going to be surprised by a new report from Goldman Sachs that is predicting prices have yet to peak.
NAPERVILLE, Ill.—The second winner in Alloya Corporate FCU’s “10 for 10 for 10” initiative has been named: Crouse Health Foundation.
SALT LAKE CITY –– A new credit card has been introduced by America First Credit Union the organization said is designed to empower entrepreneurs and allow members to support startup local technology companies.
WASHINGTON – Saying one company is intentionally misleading the public over the terms of an earlier agreement with the CFPB, a coalition of 96 consumer, labor, civil rights, legal services, faith, community and financial organizations and academics have joined to call on the Bureau to revoke or significantly revise two actions taken in late 2020 regarding earned wage access (EWA) products.
SPRINGFIELD, Mo.–BluCurrent Credit Union has selected PSCU for debit and credit processing services and PSCU subsidiaryLumin Digital for online and mobile digital banking solutions.
LAWRENCEVILLE, Ga.—There is no end in sight to rising used car values, as the latest Black Book Used Vehicle Retention Index soared to another all-time high in September.
MINNEAPOLIS, Minn.—U.S. Bank, the fifth-biggest retail bank in the nation, has announced that its cryptocurrency custody service is available to fund managers.
WASHINGTON—The Justice Department has unveiled two new enforcement initiatives aimed at targeting cryptocurrencies and government contractors who fail to report cyber breaches.