WASHINGTON–Expectations for economic growth for full-year 2021 were revised modestly upward to 7.1%, one-tenth higher than the previous forecast, due to stronger-than-expected consumer spending data year to date, according to the June 2021 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.
Fresh Today
ST. PETERSBURG, Fla.—Consumer spending continues to show signs of quickly rebounding according to PSCU’s June Payments Index.
ORLANDO, Fla.–NCUA Board Member Rodney Hood told credit unions here that if there is a lesson from the last year it was summed up in a meeting breakout session title: “Transitioning from Risk to Resilience.”
LAKE JACKSON, Texas–Texas Dow Employees Credit Union has officially named a new president and CEO. The $4-billion credit union said it has selected Isaac Johnson to lead the organization.
WASHINGTON—Concerns related to cryptocurrency regulation and oversight have been raised by Sen. Pat Toomey (R-PA) in a letter to Treasury Secretary Janet Yellen.
VAN NUYS, Calif.–Los Angeles Police FCU said it has introduced “End of Watch Debt Protection,” which pays off a member's LAPFCU debt if he or she is killed in the line of duty.
WASHINGTON– A new “tech sprint” designed to explore new technologies and techniques that would help expand the capabilities of banks to meet the needs of unbanked individuals and households has been announced by the FDIC.
WASHINGTON—The federal government is accusing one lender of making physical threats and even claiming it would claim certain borrowers were child molesters if debts weren’t paid.
WASHINGTON—Credit union loans outstanding increased 0.6% in April, compared to a 0.1% increase in March of 2021 and a 0.3% increase in April of 2020, according to CUNA’s latest Monthly Credit Union Estimates.
WASHINGTON–Congress has passed legislation establishing June 19 as Juneteenth National Independence Day to commemorate the end of slavery in the United States.