WASHINGTON–Newly released minutes from the Federal Reserve’s most recent meeting offer additional insights into new thinking around the direction of rates, as well as its plans for the nearly $4 trillion in bonds it currently holds.
Fresh Today
BOSTON—Debit card usage is on the decline, and the increase in online shopping and a lack of debit rewards are two of the main reasons, a new report reveals.
ARLINGTON, Va.—A new analysis offers deeper insights into what the increase in auto loan delinquencies means.
WASHINGTON—The D.C. Circuit Court of Appeals has scheduled oral arguments for the lawsuit challenging NCUA’s field-of-membership rule for April 16 at 9:30 a.m. (ET).
WASHINGTON—CUNA has written to newly confirmed Attorney General William Barr to call attention to the legal threats facing credit unions due to uncertainty with how the Americans With Disabilities Act (ADA) applies to websites.
ORLANDO–FAIRWINDS Credit Union is buying Friends Bank, a 19-year-old institution based in New Smyrna Beach on Florida’s East Coast. The $95-million bank has approximately 3,500 customers who will become members upon completion of the acquisition.
SALT LAKE CITY, Utah–Credit Unions for Kids (CU4Kids) said it has been developing new tools to help credit unions make their Children’s Miracle Network Hospitals employee giving campaigns more convenient, engaging and successful through the use of custom fundraising sites and advanced payroll-giving technology.
BASKING RIDGE, N.J.– Affinity Federal Credit Union has launched its Great Savings Challenge for 2019. Running throughout year, the campaign aims to improve its members' financial well-being by encouraging them to set savings goals and make well-informed financial decisions, the credit union said, pointing to data showing the median savings account balance for those 35 and under is just $1,580.
ROSEBURG, Ore.–Robert “Bob” Dempsey, CEO of Cascade Community Credit Union, has died. Mr. Dempsey was 65.
WASHINGTON—NAFCU this week met with the Federal Communications Commission's (FCC) Consumer and Governmental Affairs Office, as well as staff from individual commissioners' offices, to discuss policymaking efforts to address issues under the Telephone Consumer Protection Act (TCPA).