WASHINGTON—Credit union branches are not direct substitutes for bank branches, especially in rural America, according to one person’s analysis of a recent report by the Federal Reserve.
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PURCHASE, N.Y.—Mastercard is stepping up its efforts in commercial payments, announcing its new Mastercard Track Business Payment Service.
WASHINGTON — As expected, the Federal Reserve opted to take no action to change interest rates steady at the conclusion of the two-day meeting of the Federal Open Market Committee.
ORLANDO–If there’s a recession in the near future, it will come at the end of next year due in large part to a certain event in November of 2020—but perhaps not for the reasons some might believe, according to one expert.
NEW YORK—Holiday shopping on Cyber Monday shattered existing records, with consumers spending $9.4 billion, a 19.7% increase from year-ago figures, when sales reached $7.9 billion, according to Adobe Analytics.
ARLINGTON, Va.—Total consumer credit rose 5.5% in October on a seasonally adjusted, annualized basis and is up 4.8% versus a year ago.
WASHINGTON—The Federal Open Market Committee (FOMC) will conclude its two-day, monetary policy-setting meeting today, and while it is expected to release updated projections it is not expected to announce any changes in rates.
WASHINGTON—The House Financial Services Committee is marking up nine bills this week related to cybersecurity, mortgage access, student lending, credit scores, and minority depository institutions. In its analysis, NAFCU offered the association's support for some of the legislation and provided credit unions' perspective on the issues.
WASHINGTON—The FCC is being urged to grant a petition related to text messages transmitted through an automatic telephone dialing system (ATDS) and issue a declaratory order to provide clarification.
WASHINGTON—The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 2.7 points in November to 91.5, reversing the decline from October and re-approaching the survey high set in August.