JACKSON HOLE, Wyo.–In comments at the conclusion of the Fed’s annual summer retreat here, Federal Reserve Chairman Jerome Powell said objective is to maintain the economic expansion, but also made an indirect reference to President Trump’s tariffs by saying “trade policy uncertainty” was the new challenge.
Fresh Today
ARLINGTON, Va.—Credit union leaders’ confidence in the economy and their future business prospects continues to slide, according to a new report. The decline in confidence mirrors numerous other indicators of a slowing economy, as CUToday.info has reported.
WASHINGTON—The Treasury Department has submitted to the White House its proposal to reform government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, with the final plan expected to be released after Labor Day, news outlets reported
EUGENE, Ore.–A group of PenFed employees here whose jobs are being relocated to Texas staged a protest outside the CU’s local offices that received local TV coverage.
UNITY, Maine–After five years of raising funds and organizational efforts, Maine Harvest FCU has been granted its charter.
CUPERTINO, Calif.–While the focus around Apple’s new credit card has been on its prospects to grab marketshare, including inside the Apple Wallet, it’s now getting attention for another reason: cardholders are being cautioned not to scuff it. Apple’s cautionary instructions for keeping the card clean have led to numerous jokes on Twitter, as CUToday.info reports below.
SAN JOSE, Calif.–A grand opening has been held on a 135-unit affordable housing project here for people considered chronically homeless that was financed by Technology Credit Union and Silicon Valley Bank. Tech CU’s participation in the project, called Second Street Studios, is $8 million.
NATIONAL HARBOR, Mich.–In response to what it said is a radical change in the ways credit unions do business due to technology, the MD|DC Credit Union Association hosted an inaugural Tech Summit.
DENVER—Western Union has announced plans to partner with a machine learning firm to help improve its customers’ experiences.
BREA, Calif.–American First Credit Union here has awarded $10,000 to a member participating in its “Big Prize Savings” account initiative, which is a prize-linked savings account.