ATLANTA — Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday the central bank is recalibrating both capital and supervisory frameworks in ways she argued will better support economic growth, mortgage lending and community banking, while maintaining safety and soundness.
Fresh Today
BILOXI, Miss. — Keesler Federal Credit Union is rolling out the largest member giveback in its history, committing $1 million to wipe out credit card balances for hundreds of members in a sweeping new “Live Your Way Debt Eraser” initiative aimed squarely at easing household financial pressure.
MCLEAN, Va.-- The 30-year fixed-rate mortgage hit a new low in the last four years, averaging 6.01%, Freddie Mac reported.
MANITOWOC, Wis. — UnitedOne Credit Union is preparing for a leadership transition, with longtime CEO Kim Rooney set to retire in June after more than 30 years with the organization, according to Seehafer News.
TUSCALOOSA, Ala. — Alabama ONE Credit Union here has signed a purchase and assumption agreement to acquire substantially all the assets and liabilities of Peoples Independent Bank, in a deal that would expand the credit union’s footprint in northeast Alabama, according to reporting by Patch.
WASHINGTON--Federal Reserve Bank of New York President/CEO John C. Williams will address key economic and policy developments as part of the 2026 Governmental Affairs Conference (GAC), America's Credit Unions announced.
PURCHASE, N.Y.--Cloudflare and Mastercard announced a strategic partnership aimed at developing cybersecurity tools intended to help small businesses, governments and critical infrastructure organizations better identify and address cyber threats as digital environments grow increasingly complex.
NEW YORK — A federal judge has allowed key sex-trafficking claims against Bank of America to move forward, finding that alleged facts — if proven — could show the bank recklessly disregarded warning signs tied to the late financier Jeffrey Epstein, according to a ruling reported by Reuters.
JEFFERSON CITY, Mo. — Two Republican-backed bills advancing in the Missouri legislature would sharply restrict immigrants’ ability to send money abroad by requiring financial institutions to verify the sender’s immigration status before processing any international electronic transfer, the Missouri Independent reported.
WASHINGTON—Mortgage applications increased 2.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Feb. 13.