WASHINGTON—With four months remaining before the deadline to transition federal payments from paper to electronic methods, the Treasury Department is requesting public input on how to best manage the shift.
Fresh Today
ALEXANDRIA, Va.--NCUA issued one prohibition order in May, the agency announced.
ROCKVILLE, Md.— The $2-billion Lafayette Federal Credit Union is facing a series of class action lawsuits that accuse the CU of failing to protect the sensitive personal information (PII) of more than 75,000 customers in a data breach, Top Class Actions reported.
MIAMI—Credit card processing fees have become all too common in recent years, popping up for everything from online and app-based orders to certain in-person purchases.
TROY, Mich.— As mobile apps and websites have increasingly become the primary customer touch point for FI and credit card brands, it’s getting harder to tell them apart from one another, given the similarity in core capabilities—signaling it’s time to elevate these offerings, J.D. Power said.
Defense Credit Union Council Urges Treasury To Partner With Credit Unions In Financial Literacy Push
WASHINGTON—As the Treasury Department leads the Financial Literacy and Education Commission (FLEC) forward, the Defense Credit Union Council encouraged the Department to formally recognize and partner with credit unions—particularly those serving the military community.
WASHINGTON— Elon Musk’s tenure as a special government employee officially ended Wednesday evening as his temporary status expired, prompting speculation among Washington insiders about the future direction of the CFPB.
WAUSAU, Wis.—The layoffs at the $4.3-billion Connexus Credit Union continue. Following layoffs of 16 workers in November and 18 employees in January, the credit union has reportedly laid off dozens of workers this month.
MCLEAN, Va.--The 30-year fixed-rate mortgage averaged 6.89% this week, Freddie Mac reported.
WASHINGTON—Real gross domestic product declined at an annual rate of 0.2% in the first quarter of 2025, following a 2.4% increase in real GDP during the fourth quarter of 2024, according to the second estimate from the U.S. Bureau of Economic Analysis.