Fresh Today

Fresh Today

WASHINGTON—Inflation heated up sharply in March, with the Consumer Price Index rising 0.9% from February and 3.3% year-over-year, as a surge in energy costs pushed price pressures to their highest annual pace in two years and further clouded the outlook for Federal Reserve rate cuts.

WASHINGTON—America’s Credit Unions and other credit union advocates presented the Children’s Miracle Network with a $506,000 check during the Credit Union Cherry Blossom press conference at the Capitol Visitor Center, as organizers highlighted the industry’s annual fundraising push ahead of the Credit Union Cherry Blossom 10 Mile & 5K that took place this past weekend.

MADISON, Wis.— A Wisconsin federal judge has granted preliminary approval to a class settlement in the long-running ERISA lawsuit against the Credit Union Retirement Plan Association (CURPA), reviving a deal that had previously been rejected and allowing the case to move toward a final fairness hearing later this summer.

NEW YORK— Inclusiv has named Shayna L. Ferguson and Winona Nava as the 2026 recipients of its Annie Vamper Helping Hands Award, recognizing two longtime community development credit union leaders for their work expanding access to financial services in Native and Hispanic communities.

 

WASHINGTON— The Treasury Department said Thursday it will move to tighten oversight of the Community Development Financial Institutions Fund, announcing a forthcoming proposed rule that would classify certain CDFI-funded awards as “federal public benefits” under the 1996 Personal Responsibility and Work Opportunity Reconciliation Act, a change Treasury said is aimed at ensuring taxpayer-funded benefits are not provided to “illegal aliens” or other non-qualified noncitizens.

BATON ROUGE—La.--Marvell Trevenski Jackson Jr., the Baton Rouge man previously tied to a fraud scheme targeting Neighbors Federal Credit Union, has now pleaded guilty in federal court to conspiracy to commit bank fraud and theft of mail in a sprawling scheme that authorities said hit multiple financial institutions — including several credit unions — and involved stolen checks, counterfeit items, smishing attacks and money mules.

MCLEAN, Va.-- The 30-year fixed-rate mortgage dipped this past week, averaging 6.37%, Freddie Mac reported.