WASHINGTON–The Federal Reserve has announced plans to continue its Fed Listens initiative in 2021, saying doing so allows it to learn from a broad range of individuals, households, and communities about the economic recovery from the COVID-19 pandemic.
Fresh Today
NEW YORK—American consumers are spending more freely as the economy opens up further, according to one of the nation’s biggest banks.
NEW YORK—The shift towards becoming a cashless society continues its slow build.
JERSEY CITY, N.J.—A new survey sheds light on the current banking preferences of consumers.
WASHINGTON–The Biden Administration has moved quickly to name a new acting head of the Federal Housing Finance Agency, naming the replacement shortly after the Supreme Court ruled in a 7-2 vote the president has the authority to remove the head of the FHFA.
WASHINGTON–Americans took out more mortgages than ever before in 2020, but most of them didn’t come from traditional banks, according to a new analysis.
LA CROSSE, Wis.–Marine Credit Union has launched a new program, CoverIt, which it said is a subscription-based program that allows members to “dip into a grace zone” up to -$50 without being penalized with per item overdraft fees.
ARLINGTON, Va.—New home sales dipped 5.9% from April's downwardly revised rate of 817,000 annualized units to 769,000 units in May. Sales were up 9.2% versus May 2020.
WASHINGTON—The House of Representatives has overturned the Office of the Comptroller of the Currency’s “True Lender Rule,” and the resolution is now on its way to President Biden for his signature.
ALEXANDRIA, Va.– NCUA has released its eighth annual report to Congress on the composition and financial performance of the minority depository institutions (MDI), which shows the number of MDI credit unions grew in 2020, and these credit unions expanded membership and increased lending.