WASHINGTON—The Federal Open Market Committee (FOMC) indicated that the timing of future rate increases remains uncertain, in line with recent comments made by Fed Chairman Jerome Powell.
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WASHINGTON—Following the release of the Federal Reserve's inaugural Financial Stability Report, NAFCU Chief Economist and Vice President of Research Curt Long said economic growth is strong, but "there are signs that risks are developing."
WASHINGTON–Americans’ personal income increased $84.9 billion (0.5%) in October, according to estimates released by the Bureau of Economic Analysis.
ARLINGTON, Va.—New home sales declined 8.9% in October to the lowest level since March 2016.
WASHINGTON—The Federal Housing Finance Agency (FHFA) announced its maximum conforming loan limits for mortgages acquired by government-sponsored enterprises Fannie Mae and Freddie Mac will increase in 2019 to a level of $484,350, an increase from $453,100 in 2018.
MARLBOROUGH, Mass.– Bernie Winnie, president and CEO of Firefighters Credit Union in Boston, has agreed to become interim CEO of the Cooperative Credit Union Association, in addition to overseeing his credit union.
WASHINGTON—Both the House and Senate passed a bill last week to extend funding for the National Flood Insurance Program (NFIP) through Dec. 7.
GRAND RAPIDS, Mich.–“Tricks of the Trade,” the newsletter series published by CU*Answers, has published its 75th issue, wrapping up a successful Writing Team initiative, the company said.
WASHINGTON—CUNA said it supports efforts to track money laundering and terrorist financing, but it wants to see a balance struck between the costs to financial institutions and the benefits to the federal government, it wrote in a letter for the record of a Senate Banking Committee hearing on combating illicit finance.
ALEXANDRIA, Va.–Two people have been banned from ever again working at a federally insured financial institution.