WASHINGTON—Expectations for full-year 2021 real GDP growth of 7% were little changed from the previous outlook, but meaningful “compositional and temporal shifts” are now projected for the underlying sources of economic growth, according to the July 2021 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.
Fresh Today
TEMPE, Ariz. –TruWest Credit Union is reporting it has added a new feature for members with direct deposit: the ability to get their funds up to two days earlier at no cost.
SACRAMENTO, Calif.–California’s credit unions are preparing for a new inflow of deposits, this time courtesy of stimulus payments from the state.
WASHINGTON–The federal government is expanding to three cities a project aimed at bringing diverse inclusion and participation in the economy.
SAN RAMON, Calif.–Patelco Credit Union said it is making banking even sweeter at its new City Center Bishop branch by partnering with a Sprinkles bakery on a first-of-its-kind branch space. The space combines financial services with a community room that opens into the cupcake bakery, the credit union said. The bakery will open in the fall.
TYSONS, Va.–PenFed Credit Union said the second quarter of this year was the strongest quarter in its 86-year history.
WASHINGTON—Ahead of this week’s House Small Business Committee hearing on strengthening cybersecurity in small businesses, NAFCU shared the trade association’s six data privacy principles with the committee as it considers legislation aimed at protecting consumer, employer, and supplier data.
LYON, France—The world’s largest police organization is warning that a marked rise in the number of ransomware attacks is coming.
LONDON—Retail banks in the U.K. have been issued a warning by the Financial Conduct Authority (FCA) over continuing weaknesses and failings surrounding their financial crime controls.
LONDON—International payments fintech Wise has debuted on the London Stock Exchange at a valuation of £8.75 billion, the largest listing in history for a U.K. tech company.