WASHINGTON–President Trump has nominated a long-time critic of the Federal Reserve to serve on that institution’s board of governors.
Fresh Today
NEW YORK–The volatile value of bitcoin has been on full display this week after the cryptocurrency hit a new record of $11,000, and then plunged by more than $2,000—and then recovered again.
FOSTER CITY—The market valuation of all of the cryptocurrencies combined has now surpassed the market cap of Visa, by $30 billion, according to a new report.
WASHINGTON—The U.S. economy grew an estimated 3.3% in the third quarter, the Commerce Department said in its second estimate.
WASHINGTON—Following NAFCU's meeting this week with Federal Communications Commission (FCC), Commissioner Mignon Clyburn, the agency indicated it has heard credit union concerns and may look into crafting a possible exemption for credit union informational communications under the Telephone Consumer Protection Act (TCPA).
OGDEN, Utah–Goldenwest Credit Union has announced it will pay members a year-end bonus dividend of $1,750,000. The latest payment brings to 14 the number of consecutive years Goldenwest has paid such a bonus, collectively returning $11,225,000 to members.
ALEXANDRIA, Va.–Next Monday, Dec. 4, is the deadline for submitting a comment letter to NCUA on its proposed revisions to its advertising rule. The trade associations have generally been supportive of the proposal for providing regulatory relief to credit unions.
WASHINGTON–A bankers group is calling on Congress to end what it called the “destructive sweep” of earnings from Fannie Mae and Freddie Mac into coffers at the U.S. Treasury.
ONTARIO, Calif.–CU Direct will host a free webinar on the “State of the Credit Union Auto Lending Market: Auto Lending Trends, Credit Union Analysis & Auto Industry Update” on Thursday, Dec. 14 at 2 p.m. ET/11 a.m. PT.
ALEXANDRIA, Va.–NCUA issued three prohibition orders and five notices of prohibition in November.