WASHINGTON—The Federal Trade Commission said it will hold a virtual panel discussion on May 11 with a “diverse set of experts” to discuss the business practices of cloud computing providers including issues related to security, competition, and emerging technology issues associated with cloud computing.
ST. LOUIS–More than half of Generation X has less than $100,000 saved for retirement, even though half also believe they will need $500,000 or more to retire comfortable.
WASHINGTON–As they did in a prior survey, senior loan officers at banks are reporting tighter underwriting standards, while also citing weaker demand for commercial and industrial (C&I) loans and commercial real estate loans, according to the Federal Reserve’s newest Senior Loan Officer Opinion Survey.
WASHINGTON–It’s going to be a busy week on Capitol Hill in terms of congressional hearings in which credit unions have an interest, especially later this week when markup begins on the National Defense Authorization Act for 2024.
NEW CASTLE, N.H.–In wide ranging remarks to credit unions here, NCUA Chairman Todd Harper discussed the banking crisis, the need for managing interest rate risk and liquidity, a troubling comment he heard made during a podcast, and more.
NEW CASTLE, N.H.–NCUA Chairman Todd Harper offered his thoughts on trends in liquidity, CUs setting themselves up for trouble by continuing to make rock-bottom-rate auto loans, and why a Silicon Valley Bank-like failure is unlikely in credit unions during a Q&A session here.
NEW CASTLE, N.H.–NCUA is unlikely to assess a premium to shore up the insurance fund anytime soon, and any changes that might be made to FDIC insurance due to what’s taken place in the banking industry will need to be matched by the CU insurance fund, according to the agency’s leader.
NEW CASTLE, Del.–There is considerable uncertainty in markets and among CU management teams, but there are ways to embrace that uncertainty and grow, especially if an organization understands it’s “seeds, weeds and needs.”
BANNOCKBURN, Ill.– Great Lakes Credit Union has lowered its par value share minimum to $1 from $5. The credit union said the decision “represents a significant step toward increasing financial accessibility” for individuals and families in the community, as the lowered par value reduces the barrier of entry for GLCU members.
FRESNO, Calif.–Credit unions in two states have named new leadership.
