WASHINGTON— U.S. consumer confidence edged higher in March, but the underlying message was less reassuring, as Americans grew more worried about inflation, interest rates and recession risks even as they felt slightly better about current business and labor market conditions.
Fresh Today
TROY, Mich.— Retail banks may be holding steady on overall customer satisfaction, but new data from J.D. Power suggest many customers are quietly deepening relationships elsewhere, a sign of what the firm calls a growing “soft switching” trend that could erode primary banking ties over time.
ALEXANDRIA, Va.--NCUA issued two conviction-based prohibitions in March, the agency announced.
NEW YORK—Zelle is expanding its push to bring faster digital payments to minority-focused financial institutions, renewing its partnership with Velera for MDI credit unions and adding Jack Henry to extend the program to more MDI banks and credit unions.
WASHINGTON—The U.S. Department of Labor on Monday unveiled a proposed rule that would make it easier for 401(k) and other participant-directed retirement plans to include alternative assets—such as private equity, private credit, real estate and digital assets—by creating a process-based “safe harbor” for fiduciaries that follow specified diligence steps when selecting investment options.
WASHINGTON--Changes outlined in four proposals issued by the NCUA as part of its Deregulation Project have America’s Credit Unions’ support, the trade group said.
WASHINGTON--The General Services Administration’s (GSA) proposed changes to System for Award Management (SAM) certifications could create new challenges for federal financial assistance applicants, according to America’s Credit Unions, which urged the GSA to withdraw their proposed changes, noting they may be too vague and could create confusion that unintentionally burdens credit unions and community development financial institutions (CDFIs).
WASHINGTON– The Defense Credit Union Council Monday submitted four comment letters to NCUA in response to the agency’s fourth round of proposals under its ongoing Deregulation Project.
SAN FRANCISCO--If credit unions believe strong backups alone are enough to blunt a ransomware attack, security experts say that assumption is becoming increasingly risky as threat actors shift their focus to the recovery systems institutions depend on most.
WINFIELD, Ind.— The $182.3-million REGIONAL FCU has named Michael Peters president and CEO, succeeding longtime leader Jill Banning following what the credit union said was nearly four decades of service and leadership.