WASHINGTON–Fed Chairman Jay Powell made clear during two days of testimony before separate congressional committees that the Fed will not be raising rates any time in the near future, even as he predicted an economic rebound later in 2021.
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WASHINGTON–Mortgage rates last week reached their highest level since November 2020, throwing at least some cool water on a red-hot home sales market as loan applications slowed.
ALEXANDRIA, Va.–The auction announced this week by NCUA of the furniture that had been used by former Chairman J. Mark McWatters resurrected a number of news reports from 2018 that alleged the purchase of that furniture–as well as other expenses incurred by McWatters—were in violation of NCUA policy.
WASHINGTON—The House this week heard from credit unions regarding the needs of the industry during the pandemic.
WASHINGTON— Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income totaled $59.9 billion in fourth quarter 2020, an increase of $5 billion (9.1%) from one year earlier, according to analysis released by the agency.
MADISON—The Wisconsin Credit Union League is calling on the state legislature to pass a key elder financial abuse prevention bill to help seniors targeted for illegal and fraudulent withdrawals and other transactions.
SANTA MONICA, Calif.– New vehicle sales will reach 1,170,856 units in February 2021, down 7.6% from a year ago when adjusted for the same number of selling days, according to a new forecast from TrueCar.
ST. PETERSBURG, Fla.–PSCU has announced its largest annual event will take place virtually April 20-22 from 2 p.m. to 5 p.m. each day.
WASHINGTON—Roughly 300,000 loans were made during the week ending Feb. 21, according to the Small Business Administration's most recent Paycheck Protection Program (PPP) data.
WASHINGTON–Applicants to the newest round of the Paycheck Protection Program continue to report a variety of glitches making it difficult to complete their applications and receive funds.