WASHINGTON— Despite renewed pressure from President Trump for an interest-rate cut, the Federal Reserve on Wednesday held rates steady, maintaining the federal funds target range at 4.25% to 4.50%.
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WASHINGTON — Mortgage applications decreased 2.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 13, 2025.
MARION, Ill.--NCUA Wednesday placed $10.6-million Aldersgate Federal Credit Union here into conservatorship, the agency announced.
MCLEAN, Va.--The 30-year fixed-rate mortgage moved lower this week, averaging 6.81%, Freddie Mac reported.
SAN CARLOS, Calif.—A 1% shift. That’s all it would take. If just 1% of sales moved from a premium credit card to a retailer-issued stablecoin, retailers would save...
WASHINGTON--The Federal Deposit Insurance Corporation, Federal Reserve, and Office of the Comptroller of the Currency have issued a Request for Information (RFI) on questions related to payments fraud, America's Credit Unions reported.
WASHINGTON—The Senate Tuesday night passed the GENIUS Act, which establishes clear guidelines for stablecoin issuers.
WASHINGTON—As President Donald Trump pushes for expanded Immigration and Customs Enforcement (ICE) operations and urges agents to use all available means to carry out mass deportations, America’s Credit Unions has released guidance for credit unions on how to respond if ICE agents show up at their branches.
SPRINGFIELD, Mass.—A former accountant has pleaded guilty in federal court to participating in a bank fraud conspiracy that defrauded financial institutions—including at least two credit unions—of millions of dollars by securing commercial mortgages using falsified documents, MassLive reported.
MADISON, Wis.—The World Council of Credit Unions (WOCCU) in May partnered with FENACOAC, its member credit union association in Guatemala, to launch the first phase of an innovative last-mile financial inclusion initiative designed to deliver essential services to indigenous women, youth and other marginalized populations in isolated rural villages.