WASHINGTON—Members of the Federal Open Market Committee (FOMC) agreed that the labor market had remained strong since the last meeting, with economic activity rising at a moderate rate, according to minutes from the committee's October meeting.
Fresh Today
MADISON, Wis. – CUNA Mutual Group said it has developed a new online resource to help credit unions keep their employee and executive benefits funding programs compliant with NCUA regulations.
MILWAUKEE, Wis. – The president of InterLutions, a CUSO that provides the I-Care employee benefit solutions, said credit unions need to change their thinking around purchasing insurance and delivering benefits to employees.
JACKSON, Miss.–A prominent credit union leader here is saying a proposal by the OCC and the FDIC that encourages high-cost lenders to partner with banks will undermine state law protections and put many people, especially low-income individuals, at risk in the Deep South.
PHOENIX—OneAZ has named a new president and CEO. The $2.5-billion OneAZ has selected Kim Reedy to lead the organization; Reedy previously served as EVP and CFO.
ST. PETERSBURG, Fla.–PSCU said it is prepared for the adoption of contactless cards and so far this year has already distributed more than 500,000 such cards to members of 14 of its member-owner credit unions through natural reissuance.
LIVONIA, Mich.–The Save to Win program is expanding into Georgia.
LITTLE ROCK, Ark.–During a panel discussion hosted by President Bill Clinton, Inclusiv CEO Cathie Mahon discussed the role CDFI credit unions play in economic growth and serving underserved urban and rural communities.
WASHINGTON – The Consumer Financial Protection Bureau (Bureau) is now requesting public comment on an assessment it will conduct on the TRID Integrated Disclosure Rule (the Truth in Lending Act and Real Estate Settlement Procedures Act).
ST. LOUIS–Three major culprits have been identified as driving Americans’ total personal debt to more than $4 trillion (and that doesn’t include $9.4 trillion in mortgage debt), according to a new analysis.