WASHINGTON—Newly released minutes from the most recent meeting of the Federal Open Market Committee (FOMC) indicate the Fed will likely keep rates near rock-bottom. The minutes from the June meeting, which was held via videoconference, further indicate Fed members do not see consumer demand rebounding at the level once envisioned.
Fresh Today
SANTA MONICA, Calif.–Retail sales of automobiles over last weekend’s Fourth of July holiday will be the next big test of industry’s strength and resiliency and a “litmus test for automakers in deciding to further pull back on incentives,” according to a new analysis.
WASHINGTON–Two senators have introduced legislation that would tie enhanced unemployment benefits to joblessness levels in each state.
WILMINGTON, N.C.–New data released as part of one company’s “HealthScore” measure of credit unions indicates declines not seen since the lead-up to the Great Recession of more than a decade ago.
GREENVILLE, S.C.–Two South Carolina Credit Unions have announced plans to merge. The $98-million Anderson FCU and the $390-million SC Telco FCU have proposed the combination.
WASHINGTON—Administrative agencies – including the NCUA and CFPB – have released their spring regulatory agendas.
WASHINGTON– The Consumer Financial Protection Bureau has issued a notice of proposed rulemaking (NPRM) that would amend Regulation Z to provide a new exemption available to certain insured depository institutions and insured credit unions from the requirement to establish escrow accounts for certain higher-priced mortgage loans (HPMLs).
WASHINGTON—NAFCU and other financial services industry trade groups have spoken with staff from Federal Communications Commission (FCC) Chairman Ajit Pai's and Commissioner Michael O'Rielly's offices related to the agency's efforts to target illegal robocalls.
HOUSTON – eCU Technology is hosting a webinar on July 9 at 12 p.m. ET the company said is designed to help credit unions slash online abandonment rates and streamline member onboarding for new accounts and loans.
NEW YORK—Eight U.S. cities recently had payment card data stolen via point-of-sale skimming malware on their Click2Gov online payment platforms, Trend Micro reported.