HUNT VALLEY, Md.—The $960-million Point Breeze Credit Union here and $44-million Central CU of Maryland, based in Baltimore, have announced plans to merge, City Biz reported.
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BALTIMORE– NCUA Friday liquidated the $21.9-million Members First of Maryland Federal Credit Union here.
ALEXANDRIA, Va.– NCUA issued two consent-based prohibition orders in August, the agency announced.
WASHINGTON – Pending home sales decreased by 0.4% in July from the prior month and rose 0.7% year-over-year, according to the National Association of REALTORS Pending Home Sales report.
MIAMI—Federal Reserve Governor Christopher Waller warned Thursday that the U.S. labor market may already be shrinking, urging the central bank to cut interest rates at its September meeting to prevent a deeper downturn.
WASHINGTON--Data security is a high priority and concern for credit unions, and the Gramm-Leach-Bliley Act (GLBA) should remain the model for credit union compliance with any future federal data security and privacy standard, according to America’s Credit Unions.
WASHINGTON—Federal Reserve Governor Lisa Cook is suing to stop President Donald Trump from removing her from the central bank’s board, arguing the move is unlawful and that she remains entitled to her seat, CNN reported.
WASHINGTON— Following the sudden departure of Carrie Hunt as America’s Credit Unions chief advocacy officer, all eyes are on ACU as it works to fill one of its most critical leadership positions.
COLUMBUS, Ohio—Buy now, pay later is making a bigger push into physical retail, with Klarna announcing that its installment payment service is now accepted at more than 400 Walmart Canada locations, Digital Transactions reported.
MCLEAN, Va.--Mortgage rates moved slightly lower this week, with the 30-year fixed-rate mortgage averaging 6.56%, Freddie Mac reported.