NEW YORK–Many credit unions have announced plans to have employees work from home where possible as they seek to reduce the risk from the coronavirus COVID19.
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LONDON—Central banks will ask world leaders to back a “roadmap” for cutting the cost of cross-border payments, the Bank for International Settlements (BIS) said.
SUMTER, S.C. – Saying it is seeking to help South Carolina families priced out of today’s housing market, SAFE Federal Credit Union has introduced a “First Time Home Buyer Plus Program that allows qualifying members to purchase a home with no down payment.”
SAN FRANCISCO—The Money Anxiety Index, which measures the level of financial confidence of consumers based on actual financial behavior, decreased 1.2 index points in February reflecting consumer resiliency despite the Coronavirus.
SOUTH PORTLAND, Maine—Atlantic Regional FCU has paid $18.1 million for an office building here that will become its new headquarters.
LONDON—The United States. is 17th in terms of the most secure countries when it comes to cyber readiness, a new report suggests.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has assessed a $450,000 civil money penalty against Michael LaFontaine, former chief operational risk officer at U.S. Bank, for his failure to prevent violations of the Bank Secrecy Act (BSA) during his tenure, the agency announced.
WASHINGTON–The American Bankers Association has filed a petition asking the Supreme Court to hear its challenge to NCUA’’s field-of-membership rule.
WASHINGTON–The entire U.S. yield curve fell below 1% for the first time in history as rising expectations that the Federal Reserve will cut policy rates to zero in the coming months drove investors to reach for longer-dated securities.
WASHINGTON–The chances of a recession have “meaningfully risen,” according to one economist who frequently speaks to credit union events.