MIAMI—The U.S. inflation rate hit a 40-year high after the pandemic but has since cooled significantly due to factors like the Federal Reserve rate hikes. The year-over-year inflation rate sits at 3% as of January 2025, which is still above the target rate of 2%.
TALLAHASSEE, Fla.— The League of Credit Unions & Affiliates, representing Alabama, Florida, Georgia, and Virginia credit unions, is making a $450,000 contribution to America's Credit Unions' National Advocacy Fund (NAF).
NASHVILLE—The Independent Community Bankers of America (ICBA) has formally announced its new policy toward targeting the credit union tax exemption.
WASHINGTON--A new bipartisan House bill would expand credit unions’ ability to serve small businesses, America's Credit Unions reported.
WASHINGTON—Incoming GDP, labor market, and inflation data point to an economy that entered 2025 with strong momentum, but current risks to the outlook are higher than normal due to uncertainty around trade policy, including additional tariff proposals, according to the February 2025 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.
NEW YORK—Digital wallets have become the preferred choice for consumers worldwide as cross-border transactions change, PYMNTS reported.
MIAMI—Americans carry significant amounts of debt. Today, consumers collectively owe over $1.2 trillion in credit card debt, nearly $1.7 trillion in auto loan debt, and several hundred billion dollars in personal loan debt, WalletHub reported.
TROY, Mich.— A new study reveals the appeal of buy now, pay later is not waning, as the service saw significant growth last year.
WASHINGTON—It’s an active week in Washington, with a possible government shutdown looming and the House Ways and Means Committee beginning to mark up the tax reform bill.
NASHVILLE—The Independent Community Bankers of America (ICBA) has formally announced its new policy toward targeting the credit union tax exemption.
