PORTLAND, Ore.–Credit unions may have an opportunity to promote loans or credit cards for travel-related expenses this Valentine’s Day.
Fresh Today
WASHINGTON–Both the House and the Senate are back in session this week, but much of the agenda is going to feel like déjà vu—funding the federal government and avoiding another shutdown.
DUBAI–The head of the International Monetary Fund is warning governments around the world to prepare for a possible economic storm, pointing to “four clouds” on the horizon.
WASHINGTON—For the first time in history, consumer credit has risen above $4 trillion.
ITTA BENA, Miss.–Federal Reserve Chairman Jerome Powell will deliver remarks here today during an event being sponsored by an affiliate of a local credit union.
BIRMINGHAM, Ala.–Dollar Associates said it will hold a free webinar on “IRS Reporting on CU Executive Compensation: The Insides and Outs of the New Excise Tax on all Not-for-Profits” on Wednesday from 3:00-4:30 p.m. ET.
WASHINGTON—Total consumer credit rose 5% in December, after a monthly increase of 6.8% in November and a 7.9% increase in October (all seasonally adjusted annual rates).
ARLINGTON, Va.–A hearing before the House later this week on financial institutions serving marijuana-related businesses will likely just be a “small step” toward helping resolve some of the challenges in that business according to NAFCU.
ARLINGTON, Va.–Should the two nominees for the NCUA board who will have a nomination hearing later this week in the Senate win approval and join the agency, they will find plenty of items on the agenda awaiting them.
WASHINGTON—CUNA and NAFCU have each submitted letters in response to a joint proposal issued by the Federal Reserve and Consumer Financial Protection Bureau that would make amendments to Regulation CC (which implements the Expedited Funds Availability (EFA) Act).