WASHINGTON–As expected the Federal Open Market Committee at its meeting today moved to increase rates by a quarter-point to a range of 1.25% to 1.50%.
Fresh Today
DES MOINES, Iowa–More states are adopting programs that create tax-favored accounts to help first-time homebuyers save for down payments on homes.
ALEXANDRIA, Va. –Total assets in federally insured credit unions were up by $86 billion (6.8%) in the year ending Sept. 30, while more than 4.3-million people joined CUs over that same time period, according to new data released by NCUA.
NOTRE DAME, Ind. — The $530 million Notre Dame FCU has received $12 million in secondary capital from the newly formed CU Secondary Capital Fund (CUSCF), a private vehicle created in a joint effort by CU Capital Market Solutions, LLC (CMS) and Olden Lane Advisors LLC.
HOBOKEN, N.J.–Why do some consumers refuse to get a credit card, despite the attractive rates, convenience, ability to build a credit history and compelling rewards programs?
MADISON, Wis. – CUNA Mutual Group announced it will expand its MEMBER’S CHOICE Mechanical Repair Coverage (MRC) by adding a new marketing program, powered by ForeverCar.
EDWARDSVILLE, Ill.—Scott Credit Union has declared a bonus dividend and loan interest rebate that will return more than $500,000 back to members. The money was directly deposited recently into Scott Credit Union members’ accounts.
KOKOMO, Ind.–Solidarity Community Federal Credit Union here said it has extended its 12-year partnership with Elan Financial Services to provide Solidarity’s members with industry-leading credit card programs.
WASHINGTON—The House this week voted 294-129 in favor of a bill that would provide mortgage-related regulatory relief.
NEW YORK—American Express announced it is eliminating a requirement that merchants collect cardmembers’ signatures for all purchase transactions at the point of sale, beginning in April 2018.