WASHINGTON–Although debate has increased recently over whether it should do so, as expected, the Fed has moved to raise interest rates. The Federal Open Market Committee (FOMC) voted to raise the target range for the federal funds rate to 2%-2.25% to 2.25%-2.50%.
WARNER ROBINS, Ga.–Robins Financial Credit Union has announced it is returning $13 million as part of a “Member Rebate.”
COLUMBUS, Ohio–Adam Kearns, VP of business development for the Ohio Credit Union League, has died.
WASHINGTON—CUNA is raising concerns over several recently proposed changes to the Small Business Administration’s (SBA) regulations pertaining to Express Loans and Affiliation Standards.
WASHINGTON—The “critical role” credit unions play in supporting the nation's small businesses was emphasized in a letter to the Small Business Administration.
SLIDELL, La.—The Bank of Louisiana is leading a class-action lawsuit on behalf of banks and other financial institutions in the wake of the Marriott International data breach that revealed personal information – including names, addresses, payment card details and passport numbers – of as many as 500 million customers.
PORTSMOUTH, N.H.–New CEOs have been named by four credit unions.
WASHINGTON—"For credit unions, access to faster payments services could help attract new members and improve overall satisfaction with services," wrote NAFCU's Andrew Morris in response to the Federal Reserve's proposal to develop a 24/7/365 real-time gross settlement (RTGS) service.
COLUMBUS, Ga.—Debit cards were the most popular payment method in the United States in 2017, according to a new report.
WASHINGTON—While Congress is focused on passing legislation that would avert a federal government shutdown, credit unions are hopeful a provision providing relief to financial institutions serving cannabis businesses could be included in other legislation.
