ALEXANDRIA, Va.—Federally insured credit unions closed 2025 with stronger earnings, rising capital and continued membership growth, even as loan growth moderated and industry consolidation accelerated, according to new data released by NCUA.
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WASHINGTON—The U.S. labor market unexpectedly weakened in February, with employers cutting 92,000 jobs and the unemployment rate rising to 4.4%, according to the latest report from the Bureau of Labor Statistics.
WASHINGTON— Economists advising the American Bankers Association expect the U.S. economy to continue expanding through 2026 and into 2027, though inflation is likely to remain above the Federal Reserve’s 2% target, according to the group’s latest forecast.
WASHINGTON— House Republican leaders agreed during a recent retreat in Florida that they want to pursue a second budget reconciliation package this year, but major questions remain about what the legislation would include or how it would be financed, according to reporting from Punchbowl News.
WASHINGTON--Credit unions’ experience fighting fraud, and how government can help combat it, were covered in testimony from Park Community Credit Union General Counsel Kate McKune. Testifying on behalf of America’s Credit Unions, McKune shared her credit union’s experience, as well as potential solutions, with the House Financial Services Subcommittee on Financial Institutions.
BOSTON—A former loan officer at MassMutual Federal Credit Union has been sentenced to prison for defrauding the credit union out of nearly $1 million by manipulating a home equity line of credit tied to his own home, federal prosecutors said.
WASHINGTON--Cross-border payments FinTech Payoneer has applied to the Office of the Comptroller of the Currency to launch a digital national trust bank, PYMNTS reported.
WASHINGTON—The banking industry closed 2025 with strong earnings, accelerating loan growth and improving margins, even as regulators flagged ongoing stress in certain loan categories and elevated unrealized securities losses, according to the latest Quarterly Banking Profile from the Federal Deposit Insurance Corporation.
WASHINGTON—Federal banking regulators have clarified how banks should treat tokenized securities under existing capital rules, signaling that financial institutions can hold certain blockchain-based securities without facing additional capital penalties—so long as the underlying assets are legally identical to traditional securities.
ALEXANDRIA, Va.--NCUA said Thursday it is continuing its review of agency regulations as part of the decennial process established under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) of 1996.