WASHINGTON–Newly released inflation data appear to support those predicting the Federal Reserve will not raise interest rates when it concludes its Open Market Committee meeting tomorrow.
Fresh Today
WASHINGTON–After more than a year of ongoing rate increases, the Federal Reserve’s Open Market Committee (FOMC) will kick off its two-day rate-setting meeting today, with most—but not all—analysts predicting it will leave rates unchanged.
ARLINGTON, Va.–At the beginning of this year there was a general consensus among economists both inside and outside of credit unions that the latter half of 2023 would see a mild recession. Now, one CU economist says that seems unlikely, and a recession in 2024 remains an uncertainty, as well.
WASHINGTON—NAFCU and CUNA have joined with eight other financial services trade organizations in a joint letter to Congress that addresses what the groups say are the “detrimental impacts” the proposed Credit Card Competition Act will have on consumers, credit unions, and other financial institutions.
WASHINGTON–CUNA said that “hundreds” of credit union leaders have already directly reached out to their members of Congress about the Credit Card Competition Act, even though only one credit union falls above the asset threshold included in the bill.
WASHINGTON–There are a number of hearings of interest to credit unions on Capitol Hill this week, but none will be getting more attention than the testimony from the director of the CFPB, who is set to appear before the House and Senate.
TAMPA, Fla.–Trellance and the Filene Research Institute said they have partnered to create the Credit Union Data Exchange (CUDX) and are seeking 100 credit unions to participate.
WASHINGTON—The Defense Credit Union Council has announced three new inductees into its Hall of Honor” Denise Floyd, Fort Sill FCU president/CEO (Retired); Brigadier General Roger Scearce, Andrews FCU director Emeritus, and Col. Sam Farace, Air Force FCU (AFFCU) board chairman.
MIAMI, Fla.–University Credit Union has named a new president and CEO.
RALEIGH, N.C.–Local Government FCU is delaying its plans to end its relationship with State Employees Credit Union of North Carolina.