WASHINGTON–CUNA’s economists have published a new economic report that features two “main changes” from its earlier forecasts: it is going to take longer to tame inflation than had previously been predicted—meaning rates will stay higher, longer-- and credit unions will experience a “pronounced earnings challenge.”
ARLINGTON, Va.–Congress has several important issues it is looking to accomplish before taking its Christmas recess, with credit unions paying particular attention to ensuring they aren’t swept up into two of the biggest items on the to-do list.
WASHINGTON–There are several hearings on Capitol Hill this week that are will be watched by credit unions, one of which will feature testimony from an NCUA executive.
ARLINGTON, Va.–Credit unions are continuing their watch on the CFPB as to what might be going on with its proposed new rules related to overdrafts, according to NAFCU.
WASHINGTON—CUNA, NAFCU and other organizations are reporting they have met with new Federal Communications Commission (FCC) Commissioner Anna Gomez and her staff about the FCCs recent Report and Order on illegal automated text messages and ongoing proceedings regarding revocation of consent under the Telephone Consumer Protection Act (TCPA).
WASHINGTON—The Federal Reserve will host a virtual town hall Dec. 13 on the FedNow Service.
WASHINGTON—Following a busy student lending season, CU Student Choice rewarded three of its credit union partners with food truck meals for their employees.
NEW YORK–Even as consumers are headed to retailers’ physical stores and websites this holiday season, they are moving away from store credit cards for purchases, according to a new report. And that’s not good news for retailers, but should be for credit unions.
CANBERRA, Australia–This country’s banks and credit unions have collectively launched the “Scam-Safe Accord” as part of a major effort to battle financial scams.
PARIS—The Financial Action Task Force (FATF) has released amended recommendations to give law enforcement, financial intelligence units, prosecutors, other asset-recovery practitioners extra powers to target and confiscate criminal assets.
