WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) has issued letters demanding three companies and certain associated parties cease and desist from making false and misleading statements about FDIC deposit insurance.
Fresh Today
WASHINGTON–As expected, the Federal Reserve’s Open Markets Committee adjourned its meeting without cutting rates, but it also indicated it will likely cut rates three times during the remainder of 2024.
WASHINGTON–The Federal Reserve’s Open Market Committee will conclude its two days of meetings today, and analysts universally expect them to adjourn without changing rates.
WASHINGTON – A new report from the National Consumer Law Center illustrates just how much worse debt becomes as the rate on a loan rises, noting that even in states that have newly instituted 36% rate caps the result can be explosive and unaffordable interest on a larger loan.
EUREKA, Calif.–Following a complaint to state regulators from a person who had sought a seat on its board, Coast Central Credit Union has posted on its website the vote counts from the last two annual elections for its board of directors.
WYOMING, Mich.–Just a little over a year after employees of a branch of Lake Michigan Credit Union voted to unionize, a new vote failed to get enough votes to retain the union.
QUINCY, Ill. – United Community Credit Union has paid its members more than $125,000 in interest rebates and bonus dividends in the form of deposits to their savings.
NEW YORK—In a trend that CUToday.info has reported every year since 2016, many Americans are again reporting they have more credit card debt than savings—although this year the percentage of Americans facing that reality has risen to a new high.
DANA POINT, Calif. –The Credit Unions for Kids Wine Auction raised a “record-breaking” $1.85 million for 11 Children’s Miracle Network Hospitals in California and Nevada during the 19th annual event here.
MARTINEZ, Calif.–Members of Cooperative Center Credit Union have voted in favor of merging into Nuvision Credit Union, which is based 400 miles south in Huntington Beach, Calif.