WASHINGTON–Citing the threat from the coronavirus, the Federal Reserve has cut the target range for the federal funds rate by .5% to a target range of 1% to 1.25%.
Fresh Today
WASHINGTON–It’s Super Tuesday, and for credit unions it will mean watching congressional primary races in five state as well as oral arguments today in a case involving the Consumer Financial Protection Bureau.
SEATAC, Wash.–Credit unions and credit union organizations along the West Coast and elsewhere are monitoring the developing situation around coronavirus, especially as it relates to planned meetings and events.
WASHINGTON–NAFCU is welcoming reveal pieces of legislation announced last week, saying the bipartisan support is a good sign even if none of the bills pass Congress this year. That support only adds to the likelihood of passage in the next Congress or for the addition of provisions within the bills to be attached to other legislation.
WASHINGTON—The Federal Communications Commission should require entities that block or label calls to provide real-time notification and adopt effective, transparent and timely redress mechanisms, CUNA said in a letter to the FCC.
FALCON HEIGHTS, Minn.–SPIRE Credit Union attracted more than 4,400 guests to its 86th Annual Meeting and Member Appreciation Day, which featured financial education sessions, a business meeting, and what it called inspiring performances.
SAN FRANCISCO–Two San Francisco credit unions have merged. San Francisco FCU is absorbing via merger San Francisco Bay Area Educators Credit Union.
WASHINGTON—The CFPB has released a new set of FAQs under the TILA-RESPA Integrated Disclosure (TRID) rule, specifically related to lender credits.
ST. PAUL, Minn.–The Minnesota Credit Union Network is reporting a successful year for its WINcentive Savings program, giving away nearly $150,000 to credit union members in 2019.
PURCHASE, N.Y.—Commuters may soon be able to ditch their bus pass and access public transport with technology identifying them by the way they walk.