WASHINGTON— The Federal Reserve may have to wait until 2027 to cut interest rates if a prolonged run of high oil prices tied to the Iran war keeps inflation from moving back toward the central bank’s 2% target, Chicago Fed President Austan Goolsbee said Tuesday, according to Reuters.
WASHINGTON— The Senate Banking Committee said Tuesday it will hold a nomination hearing on April 21 for Kevin Warsh, President Trump’s pick to become the next chairman of the Federal Reserve, setting up the next key step in a confirmation process that now has less than a month before Jerome Powell’s current term as chair expires in mid-May.
SEATTLE, Wash., and LAFAYETTE, Colo.— Strum Platform and FinGoal said they have entered into a strategic partnership aimed at giving credit unions and banks more detailed, AI-driven personalization tools by combining FinGoal’s transaction enrichment and personalized offer capabilities with Strum Platform’s customer data platform and marketing automation tools.
TAMPA-- Rise Analytics, a wholly owned subsidiary of Trellance, announced Tuesday the launch of Finn, an AI-powered analytics agent designed to transform how credit unions and other financial institutions interact with their data.
ORLANDO--Velera Tuesday unveiled the Velera Ecosystem, including its cloud-native Velera technology stack, Stellaris, and Atmos, its intelligence layer.
WASHINGTON--The NCUA’s fifth round of Deregulation Project proposals contains three regulatory relief proposals. America’s Credit Unions filed comments Monday on all three in this phase.
WASHINGTON--Responding to the NCUA’s first proposed rule implementing the GENIUS Act, America’s Credit Unions recommends NCUA consider flexible approaches to expand credit union participation in stablecoin markets.
BELLEVUE, Ohio—The $509.6-million Firelands Federal CU here is turning to artificial intelligence to help eliminate one of the biggest practical barriers to serving diverse communities: language.
NEW YORK—Major banks have stepped up security for their top executives in the wake of the December 2024 killing of UnitedHealthcare CEO Brian Thompson in Manhattan, with new disclosures showing higher spending on home protection, private travel, car services and other safeguards for bank leaders.
LAWRENCEVILLE, Ga.— Black Book said its seasonally adjusted Used Vehicle Retention Index rose in March, as an early and more active tax season helped push used vehicle values higher despite geopolitical uncertainty and rising fuel prices.
