WASHINGTON–Fed Chairman Jerome “Jay” Powell said the central bank has not forgotten the lessons learned during the financial crisis of a decade ago, but that it also isn’t seeking to over-react.
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WASHINGTON–The U.S. Treasury will be publishing a report on financial technology (fintech) firms in the near future.
FRANKLIN, Tenn.—Southeast Financial Credit Union will provide $650,000 in loan relief and cash refunds to more than 500 Massachusetts students, according to Massachusetts Attorney General Maura Healey.
ATLANTA—Auto loan originations continue to decline. Equifax reported that 5.82 million auto loans, totaling $130.6 billion, have been originated year-to-date.
LAFAYETTE, La.–The Equal Employment Opportunity Commission has filed suit against Meritus Credit Union accusing it of firing an African-American manager after she was upset by an allegedly offensive video used during a training session.
WASHINGTON—The Bureau of Consumer Financial Protection is prioritizing supervision over the credit reporting agencies, said a Bureau representative during testimony last week before the Senate Banking Committee.
ARLINGTON, Va.—Should inflation continue to rise, the Federal Open Market Committee (FOMC) will likely be forced to raise rates two more times this year, according to NAFCU Chief Economist and Vice President of Research Curt Long.
DALLAS–RelyOn Credit Union has named a new CEO. The credit union said it has selected Sarah Spooner to lead the organization.
CALDWELL, Idaho–Idaho Central Credit Union has entered into a naming rights agreement with Destination Caldwell to rename the Indian Creek Plaza’s main stage. The $1-milion deal is for 15-years and has been authorized by the Caldwell City Council.
WASHINGTON—CUNA and NAFCU joined other trade organizations last week to back a Senate bill that would make regulatory relief changes to the Real Estate Settlement Procedures Act (RESPA).