WASHINGTON—Ginnie Mae Acting President Michael Bright – and nominee to officially serve as its president – has announced his resignation.
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EDWARDSVILLE, Ill.—Scott Credit Union here has introduced a new checking account that pays a high 4.05% APY on balances up to $25,000–but it also requires members to be robust debit card users.
AUSTIN, Texas—The Texas Department of Banking could consider “stablecoins,” a cryptocurrency designed to minimize the effects of price volatility, as money, making them and exchanges that deal with them subject to a number of Texas laws and license requirements, according to a new Supervisory Memorandum from the department.
JACKSONVILLE, Fla.–VyStar Credit Union has been approved to expand its field of membership into Southeast Georgia, including Camden, Charlton, Glynn and Ware counties.
ELGIN, Ill. - Lending Solutions Consulting, Inc. (LSCI) is reporting it has undergone a comprehensive rebranding effort to reflect its evolving business model.
WASHINGTON –CUNA said more than $25 million has been committed to funding its “Open Your Eyes” media campaign aimed at growing consumer awareness and consideration of CUs as a financial option.
WASHINGTON—The economy is "evolving about as anticipated" with rising economic activity, strong labor market conditions and inflation nearing the Federal Reserve's projections, according to minutes from the Federal Open Market Committee's (FOMC) December meeting.
WASHINGTON—Total consumer credit rose 6.7% in November, again exceeding expectations. The non-revolving sector (primarily auto and education loans) posted its largest gains in a year – 7.1% – which partially reflects stronger than expected vehicle sales during the holiday shopping season, noted NAFCU Chief Economist and Vice President of Research Curt Long.
ITTA BENA, Miss.–Federal Reserve Chairman Jerome Powell will deliver remarks here during an event being sponsored by an affiliate of a local credit union.
ST. PETERSBURG, Fla.–PSCU is reporting it stopped more than $210 million in potential fraud for its members in 2018 by blocking fraud at the point-of-sale, in the call center and online, among other channels.