MADISON, Wis.–With wage growth and inflation expected to pick-up over the next year, CUNA Mutual is projecting that the Federal Reserve will raise the federal funds interest rate target another 0.75% to 1.00% in 2016.
Fresh Today
CHICAGO–Hyatt has become the latest hotel chain to report that its payments systems may have been breached.
WASHINGTON–New TRID regulations are being blamed for a sharp decline in the sales of previously owned homes.
SPRINGFIELD, Mass.–Glenn S. Welch has been named president and CEO of Freedom Credit Union here, succeeding Barry F. Crosby, who is retiring. Crosby has been with Freedom CU since 2003.
GRAND RAPIDS, Mich.–CU*Answers Network Services (CNS) announced it will maintain Dell Premier Partner status through 2016. Dell Premier is the highest partnership level attainable through the partner reseller program, the company noted.
BEND, Ore.–A 28-year-old man here who allegedly robbed a credit union used the stolen money to buy a Christmas tree and then attempted to hide behind it as the police were closing in.
GROTON, Conn.–Charter Oak Federal Credit Union has paid out more than $438,000 in annual $100 cash bonuses to members of its Gold Rewards program.
ALEXANDRIA, Va. – NCUA’s Office of the Inspector General (OIG) has released its list of audits that it said would most benefit the agency in 2016. The information was included in the OIG’s 2016 performance plan.
WASHINGTON—Participants in an alleged credit card “laundering” scheme have agreed to settle Federal Trade Commission charges that they illegally helped provide access to payment networks, thereby enabling scammers to place bogus charges on consumers’ credit cards.
WASHINGTON—When it comes to money transfers, consumers complain about safely and efficiently sending money and being victims of fraud.