Fresh Today

Fresh Today

WASHINGTON—Federal Deposit Insurance Corp. Chairman Travis Hill said the agency is exploring whether banks should be allowed to count some of their borrowing capacity at the Federal Reserve's discount window toward regulatory liquidity requirements, a potential shift that could reshape how institutions manage liquidity risk. Hill outlined the concept during the June 17 New York Banking Summit, saying discussions are in the early stages and involve coordination with other banking regulators and the Fed, American Banker reported.

 

WASHINGTON—Credit union advocates are heading into a busy week on Capitol Hill focused on affordability, payments policy, NCUA leadership and regulatory relief, with both America’s Credit Unions and the Defense Credit Union Council closely watching a series of hearings and legislative actions.

CHARLOTTE, N.C.—Two major Wall Street firms have reversed course and now expect the Federal Reserve to raise interest rates this year, citing a stronger-than-expected economy and a more hawkish policy stance under Fed Chair Kevin Warsh, according to Reuters.

ALEXANDRIA, Va. – NCUA Monday released the June 2026 update of its Simplified CECL Tool, which was developed primarily for small and non-complex credit unions as an option for estimating the allowance for credit losses on loans and leases.

WASHINGTON—Alan Greenspan, the influential economist who led the Federal Reserve for nearly two decades and helped shape U.S. monetary policy across four presidential administrations, has died at age 100 from complications of Parkinson’s disease, according to a statement released by his wife, journalist Andrea Mitchell. The Federal Reserve confirmed his death Monday and praised Greenspan's lasting impact on the institution and the broader economy.

WASHINGTON—A federal appeals court has declined to give the Trump administration immediate permission to move forward with plans to eliminate roughly half of the Consumer Financial Protection Bureau’s remaining workforce, instead sending the dispute back to a lower court for further review. The ruling by the U.S. Court of Appeals for the D.C. Circuit leaves in place, for now, barriers to implementing the proposed staff reductions, Reuters reported.

 

PORTLAND, Ore.—Quick thinking by a teller at Trailhead Credit Union here helped police quickly track down and arrest a suspected robber Wednesday after she slipped a GPS tracking device into more than $4,000 in cash handed over during the holdup, according to KOIN.

WASHINGTON—Treasury Department Federal Credit Union has named Nicholas Moreland president and CEO, effective June 12, following less than a year as the credit union’s chief operations officer.

WASHINGTON--The Senate Banking Committee has scheduled a June 25 confirmation hearing for John Crews, President Trump's nominee to serve on the National Credit Union Administration board, setting in motion what sources say could lead to a Senate floor vote as early as July.