SAN FRANCISCO–While mortgage rates keep setting new record lows in 2020, just six out of 10 homeowners who look into refinancing actually succeed.
Fresh Today
TALLAHASSEE, Fla.–The League of Southeastern Credit Unions & Affiliates held its first-ever Virtual Idea Institute, saying the event “successfully inspired out-of-the box thinking to an active audience of credit union professionals.”
PARIS—Speaking before the Franco-German Parliamentary Assembly European Central Bank (ECB) President Christine Lagarde made a case for the digital euro, saying it would provide an alternative to private digital currencies.
CALGARY, Alberta–Credit Unions of Alberta have named the winners from its “Class of 2020: Own Your Financial Future” contest.
ARLINGTON, Va.—With NCUA indicating an NCUSIF premium may be in the offing, NAFCU is proposing some alternatives.
WASHINGTON—The Government Accountability Office (GAO) has released a new report that shows for at least one large credit union Bank Secrecy Act compliance costs are significantly higher than that of banks’.
WASHINGTON—Both Treasury Secretary Steven Mnuchin and Federal Reserve Board Chairman Jerome Powell will be back before Congress today, likely offering testimony similar to that given earlier this week to the House during which they shared their views on federal stimulus efforts and what’s ahead.
WASHINGTON—Existing-home sales continued to rise in August, reaching a seasonally-adjusted rate of six million units and marking its highest level on record since December 2006. The sales volume represents a 10.5% increase in sales versus a year ago.
ROCKLAND COUNTY, N.Y.–While the economic fallout from the coronavirus to date has largely taken its toll on lower wage and gig workers, one new analysis suggests CUs should be preparing for the crisis to wreak a particular kind of havoc on the debt-laden middle class.
WASHINGTON–Nearly three-quarters of hotel owners say that without additional government assistance they will be forced to lay off employees.